◂ Event Timeline

Jun 7, 2019TRADEUS

U.S. Ethanol Exports Rose Further in April, as Distillers Grains Exports Moderated

U.S. ethanol exports rose 7% from March to 150.2 million gallons in April, the highest since October, with Brazil the top destination at 40.9 million gallons. Denatured ethanol exports jumped 88% while distillers grains exports moderated.

WHY IT MATTERS

Firm ethanol export demand supports corn grind, but softer distillers grains exports weigh on DDGS demand and the DDGS-to-corn value ratio.

AFFECTSCorn▲DDGS▼

SOURCE
ethanolrfa.orgRenewable Fuels AssociationJun 7, 2019

Price reaction & history

Corn▲bullishSO FAR1d -0.7%5d +3.6%20d +3.5%

After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.

May 9, 2019U.S. Exports of Ethanol & Distillers Grains Reinvigorated in March+2.3%
Apr 4, 2017U.S. Ethanol and Distillers Grains Exports Jump in February-0.2%
Mar 27, 2019January U.S. Ethanol Exports Strong, Distillers Grains Exports Subside-3.4%
May 7, 2026US ethanol exports rise to 218 million gallons in March, distillers grains shipments also climb - AgriInsite+3.3%
Sep 6, 2017U.S. Ethanol, DDGS Exports Rise in July-1.1%

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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