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USDA data showed US ethanol exports of 127.91 million gallons in January, up sharply from a year earlier, with Brazil, India and Canada as top destinations. Distillers grains exports in January were 806,615 tons, below the prior year.
Strong January ethanol exports support ethanol demand, but lower DDGS export volumes reduce demand for a feed ingredient, which is mildly bearish for DDGS.
mnbiofuels.orgApr 1, 2019Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
