
U.S. ethanol exports totaled 86.4 million gallons in September, down 16% from August. Canada, India and Brazil took 79% of shipments, and Brazil's exports fell 29% after its 20% ethanol import tariff took effect in early September.
Lower export volumes and Brazil's tariff reduce demand for U.S. ethanol, which can cut ethanol plant output and reduce the supply of DDGS for feed.
Not enough comparable past events yet for a historical read.
After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% 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.