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Japan has decided to begin importing U.S. ethanol, which is reportedly 35% cheaper than Brazilian sugarcane ethanol. U.S. ethanol exports through September were about 1 billion gallons, on track to surpass last year's total.
New access to Japan adds an export outlet for U.S. corn-based ethanol, supporting corn demand at the margin and reinforcing the ethanol export trend.
fool.comMaxx ChatskoDec 12, 2017After 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.
