Loading…
The EIA reported that the US exported nearly 1.4 billion gallons of fuel ethanol in 2017, a record above the 2011 high of 1.2 billion gallons. Brazil and Canada took more than half of exports, and the US was a net ethanol exporter for an eighth straight year.
Sustained record exports underpin domestic corn demand through ethanol and DDGS output, supporting corn and DDGS fundamentals, though the data is backward-looking.
eia.govApr 27, 2018After 1,040 past bullish report events, CORN moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
