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U.S. ethanol exports rose sharply in February 2020, with global sales up 28% month over month to 194.2 million gallons, the highest monthly volume in two years. Brazil, India and Canada accounted for about 70% of the volume.
Global sales of U.S. DDGS subsided over the same period.
Strong ethanol export demand supports ethanol plant margins and corn grinds, but the DDGS export decline reduces a feed substitute for corn and soymeal, a modest negative for feed ingredient prices.
ethanolrfa.orgRenewable Fuels AssociationApr 2, 2020After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
