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U.S. ethanol exports hit a fifteen-month high in January, rising 3% to 151.2 million gallons, with Brazil's purchases nearly doubling. Undenatured shipments reached their highest volume since April 2018, while denatured sales fell to a three-month low.
DDGS exports also surged in the same period.
Stronger DDGS export shipments tighten available feed co-product supply for buyers and support DDGS prices. Ethanol export strength also supports corn demand from the processing side.
ethanolrfa.orgMar 6, 2020Not enough comparable past events yet for a historical read.
After 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.
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.
