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The Iowa Farm Bureau report says US ethanol exports hit a record 1.72 billion gallons in 2018, up 23.8 percent from 2017, with 10.7 percent of production shipped abroad. Corn crush for fuel ethanol reached over 5.55 billion bushels in 2018, and EPA is expected to finalize year-round E15 rules before summer.
Strong ethanol demand and co-product exports support corn demand and underpin corn prices, while E15 approval would add domestic ethanol use.
iowafarmbureau.comIFBF Agriculture Analytics &, Research- By S. Patricia Batres-Marquez, Decision Innovation Solutions (DISMar 28, 2019After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
