Loading…
U.S. ethanol exports for industrial use hit records in 2017/18 and are on pace for another record in 2018/19. Exports to India rose 37% to $243 million for the first eight months of the marketing year, and South Korea exports are tracking 24% higher.
Growing export demand for U.S. ethanol supports ethanol prices and plant margins, which indirectly supports corn demand, though the impact is limited.
grains.orgJul 24, 2019Not enough comparable past events yet for a historical read.
After 1,982 past trade events, CORN moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% 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.
