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The US Energy Information Administration reports that US fuel ethanol exports fell 14% in 2019 to 96,000 barrels per day, the first annual drop since 2015. Brazil and Canada, the largest markets, reduced their imports, though the number of export destinations rose to 39.
Lower export volumes to key markets such as Brazil reduce demand for US ethanol and its co-products, a mildly bearish factor for corn and DDGS, though this is a historical data release.
eia.govMay 1, 2020After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
