Loading…
According to government data analyzed by the Renewable Fuels Association, US ethanol exports rose 23% to 140.0 million gallons in March 2019. Brazil was the largest buyer at 65.7 million gallons, while exports to Canada also increased.
India's imports fell 30%.
Stronger export demand for US ethanol supports ethanol plant operating rates, which in turn sustains demand for corn and the DDGS co-product. Brazil's strong buying is supportive for the DDGS and corn complex.
ethanolrfa.orgRenewable Fuels AssociationMay 9, 2019Not enough comparable past events yet for a historical read.
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.
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.
