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U.S. ethanol exports totaled 127.9 million gallons in January, down 8.5 percent from December but up from January 2018. Brazil was the top customer at 38.5 million gallons, with India more than doubling its purchases.
Distillers grains exports eased in the same period.
Steady ethanol export flows support corn demand from processors, while the slowdown in distillers grains exports adds to domestic DDGS supply and could pressure co-product prices.
ethanolrfa.orgRenewable Fuels AssociationMar 27, 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.
