◂ Event Timeline

Nov 3, 2017TRADEUS

U.S. Ethanol Exports Slip in September, as Shipments to Brazil Sag

U.S. ethanol exports totaled 86.4 million gallons in September, down 16% from August, according to government data analyzed by the Renewable Fuels Association. Brazil fell out of the top two destinations after its 20% tariff on ethanol imports took effect in early September.

WHY IT MATTERS

Weaker export demand and Brazil's tariff reduce outlets for U.S. ethanol, which can cut plant output and the DDGS supply available for feed.

AFFECTSDDGS Corn

SOURCE
ethanolrfa.orgRenewable Fuels AssociationNov 3, 2017

Price reaction & history

DDGSno directional read

Not enough comparable past events yet for a historical read.

Cornno directional readSO FAR1d -0.4%5d -5.1%20d -4.6%

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.

Apr 5, 2022U.S. Exports of Ethanol Intensify in February, while Shipments of DDGS Slip-2.1%
Nov 4, 2016September Ethanol Exports Balloon as China Returns to Market+2.6%
Jul 6, 2017Ethanol Exports Swell in May, as Shipments to Brazil and Canada Surge - Renewable Fuels Association-1.2%
Dec 5, 2019October Shipments of U.S. Ethanol Press Higher while U.S. DDGS Exports Slip-4.3%
Jan 5, 2018U.S. Ethanol Exports Swell in November, as Brazil is Top Destination and China Returns to Market-0.4%

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.

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Corn CORN · GP ▸

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