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The U.S. Grains Council said its promotion programs helped set a record of nearly 1.4 billion gallons of ethanol exports in marketing year 2016/17, valued at $2.37 billion. The U.S. share of global ethanol exports rose to nearly 65% in 2017 from 50% in 2016.
Record export demand for US ethanol supports corn and sorghum demand and the DDGS co-product supply chain. This is a retrospective figure rather than a new market shock.
grains.orgSep 24, 2018After 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.
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.
