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U.S. ethanol exports rose 29% in June from May to 128.4 million gallons, according to government data analyzed by the Renewable Fuels Association. Canada, Brazil and India were the top destinations, and Brazil shipments nearly tripled.
Distillers grains exports also remained robust.
Stronger ethanol and distillers grains export demand supports DDGS prices for feed buyers, though first-half exports were still 19% below 2018.
ethanolrfa.orgRenewable Fuels AssociationAug 2, 2019Not 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.
