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U.S. ethanol exports reached an unprecedented 1.705 billion gallons in 2018, up 24 percent from 2017, while December shipments fell 5.5 percent to 139.8 million gallons. Brazil and Canada were the leading importers, and the UAE took its largest monthly volume of the year.
Record ethanol export demand supports corn grind and co-product output, which adds DDGS supply, but a softer December trend signals the export pace may be easing.
ethanolrfa.orgRenewable Fuels AssociationMar 8, 2019After 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.
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.
