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US ethanol exports fell 18% in September to 100.3 million gallons, per government data analyzed by the RFA, though sales remained mixed with gains in several markets. Canada and Brazil together took half of shipments, and year-to-date exports total 1.10 billion gallons.
Imports of Brazilian ethanol rose, narrowing the US net export margin.
Lower export volumes and rising Brazilian ethanol imports reduce US ethanol demand and weigh modestly on corn grind demand and DDGS export pricing.
ethanolrfa.orgRenewable Fuels AssociationNov 6, 2019After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
