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U.S. ethanol exports hit a record 218.7 million gallons in February, up 148% from January and about 50 million gallons above the prior record. Brazil was the top destination at 103.2 million gallons, and China rose to a 22-month high of 33.1 million gallons before a new additional 15% Chinese tariff was imposed.
Record export flows support ethanol demand and corn usage, but China's added tariff likely halts near-term shipments there, weighing on the export outlook for corn-based ethanol and its co-product DDGS.
ethanolrfa.orgRenewable Fuels AssociationApr 5, 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.
