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U.S. ethanol exports are trending higher as domestic production continues at a record pace. An industry representative expects exports to approach 2 billion gallons in 2018, with Japan and India showing promise.
Competition will rise as importers build their own supply.
Rising export demand for ethanol supports the record production pace and corn grind, which is supportive for corn.
brownfieldagnews.comMark DorenkampJan 31, 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.
