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U.S. ethanol exports totaled 119.5 million gallons in August 2018, up 15% from July, according to government data analyzed by the RFA. Canada remained the top customer, while the Netherlands and UAE made large purchases, and year-to-date exports reached 1.15 billion gallons.
DDGS exports were closing in on a three-year high.
Robust export demand for ethanol and DDGS supports feed co-product prices and underpins corn use, though Canada's pullback is a watch point.
ethanolrfa.orgRenewable Fuels AssociationOct 12, 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.
