Loading…
U.S. ethanol exports totaled 107.2 million gallons in November, up 14% from October, with Brazil the leading destination for the first time in six months. China returned with a small volume of denatured ethanol after a long gap.
Exports for the first eleven months of 2017 reached 1.19 billion gallons, on pace for a record year.
Strong ethanol export demand raises ethanol plant grind and corn use, supporting corn prices. Brazil's return as the top buyer points to firm overseas pull.
ethanolrfa.orgRenewable Fuels AssociationJan 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.
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.
