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U.S. ethanol exports totaled 89.9 million gallons in September, down 25% from August and the lowest monthly volume in a year, according to Renewable Fuels Association analysis of government data. Canada was the top customer, while undenatured fuel ethanol exports fell 45% to a 52-month low.
Softer export demand for ethanol and DDGS trims outlets for U.S. corn processing and co-products. Robust year-to-date volumes limit the bearish impact on corn prices.
feedstuffs.comNov 6, 2018After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
