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U.S. ethanol exports totaled 103.1 million gallons in August, down 12% from July, per government data analyzed by the RFA. Year-to-date exports reached 906.5 million gallons, with Canada and Brazil as the top destinations.
Separate USDA data showed August DDGS exports at 0.761 MMT, down 24% month on month.
Weaker export pace for ethanol and DDGS leaves more product domestically, pressuring DDGS prices and reducing demand for corn used in ethanol production.
ethanolrfa.orgRenewable Fuels AssociationOct 5, 2017Not enough comparable past events yet for a historical read.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
