◂ Event Timeline

Sep 4, 2019TRADEUS

July U.S. Ethanol Exports Robust Outside of Thinner Sales to Brazil; Global Sales of U.S. Distillers Grains Decrease

US ethanol exports fell 6% to 120.1 million gallons in July, according to government data analyzed by the Renewable Fuels Association. Shipments to Brazil dropped 44% as its sugarcane harvest accelerated, while Canada remained the top destination and several other markets rose.

WHY IT MATTERS

Lower export pull on US ethanol adds to domestic oversupply, weighing on ethanol plant margins and corn grind demand; weaker US distillers grains sales abroad also pressure DDGS values.

AFFECTSCorn▼DDGS▼

SOURCE
ethanolrfa.orgRenewable Fuels AssociationSep 4, 2019

Price reaction & history

Corn▼bearishSO FAR1d -0.6%5d -3.3%20d +3.4%

After 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.

Apr 17, 2019February U.S. Ethanol Export Market Softens but Remains Robust; Distillers Grains Exports Dip to 6-Year Low-1.9%
Nov 6, 2018Global sales of ethanol, DDGS tighten but remain robust-6.4%
May 7, 2020March Sees Lower U.S. Ethanol Exports but Global Sales of U.S. DDGS Firm+0.2%
Nov 3, 2018Global Sales of U.S. Ethanol and DDGS Tighten in September but Remain Robust+1.8%
Nov 6, 2019September Sales of U.S. Ethanol and DDGS Decline Yet Remain Robust; U.S. Imports of Brazilian Ethanol Chip Away at Net Exports Margin-0.7%

DDGS▼bearish

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.

Corn CORN · GP ▸

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DDGS DDGS · GP ▸

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