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U.S. ethanol exports set a record of 1.37 billion gallons in 2017, up 17 percent, shipped to more than 60 countries. Brazil took 33 percent, while exports to China plunged nearly 90 percent after new tariffs.
Record ethanol shipments add to corn grind demand, while the loss of China as a market shows how tariffs can quickly redirect biofuel trade.
ethanolrfa.orgRenewable Fuels AssociationFeb 6, 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.
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.
