Loading…
U.S. ethanol exports reached 175.4 million gallons in October, nearly double September and the third-highest monthly total on record. Brazil became the top U.S. customer, and DDGS demand remained strong.
Strong ethanol export demand supports ethanol plant operating rates, which in turn sustain DDGS and corn demand. The effect on prices is modest because the flows are a single month's data.
ethanolrfa.orgRenewable Fuels AssociationDec 6, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
