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A USDA Economic Research Service report says 26 other countries plus the US and Brazil and the EU have ethanol blending mandates, and global ethanol output has reached 27 billion gallons. It projects the largest ethanol-producing countries will need over 6.9 billion gallons of net imports by 2021, and the US supplies 85 percent of world DDGS.
Growing foreign blending demand supports future US ethanol and DDGS export volumes, which could firm co-product prices over the longer term.
mnbiofuels.orgOct 23, 2017Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
