◂ Event Timeline

Feb 5, 2020TRADEGlobal

December Global U.S. Ethanol Sales were Invigorated while DDGS Exports Subsided

US ethanol export sales rose 37% in December 2019 to 146.5 million gallons, though 2019 full-year exports were 13% below the 2018 record at 1.47 billion gallons. Canada, Brazil and India were the leading destinations.

DDGS exports subsided in the same period.

WHY IT MATTERS

Lower DDGS export volumes reduce demand for a key feed ingredient and can pressure DDGS prices. Strong ethanol export demand supports corn use in ethanol production.

AFFECTSDDGS▼Corn◆

SOURCE
ethanolrfa.orgRenewable Fuels AssociationFeb 5, 2020

Price reaction & history

DDGS▼bearish

Not enough comparable past events yet for a historical read.

Corn◆neutralSO FAR1d -0.2%5d -1.1%20d -0.3%

After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

Nov 4, 2020September U.S. Ethanol Global Sales Moderate While U.S. DDGS Exports Leap to 5-Year High+1.8%
Jul 2, 2021Global Sales of U.S. Ethanol Lose Momentum in May while U.S. DDGS Exports Post Big Gains-4.2%
Dec 4, 2020October U.S. Ethanol Global Sales Burst Back to Pre-Pandemic Levels while U.S. DDGS Exports Moderate-0.7%
Jul 6, 2023U.S. Exports of Ethanol Ebbed while DDGS Rallied in May-0.0%
Sep 3, 2020Sales of U.S. Ethanol Lose Momentum in July while U.S. DDGS Exports Post Big Gains+0.1%

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.

DDGS DDGS · GP ▸

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Corn CORN · GP ▸

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