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U.S. ethanol exports through November 2018 reached 1.56 billion gallons, up 31% year over year and a calendar-year record. Brazil was the top buyer for a second straight month, while Mexico imported a record 4.8 million gallons and Peru's market fell away after countervailing duties took effect.
Strong export demand for ethanol and DDGS supports co-product demand and gives ethanol plants some relief from the 2018 price slump. Peru's duties show trade barriers can quickly remove volume from a key market.
ethanolrfa.orgRenewable Fuels AssociationFeb 8, 2019Not 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.
