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U.S. ethanol exports reached 138.0 million gallons in February, the third-highest monthly volume on record, with Brazil taking over a third. Year-to-date exports are up nearly 70% from a year earlier, and India's purchases nearly doubled from January.
Strong ethanol export demand supports corn grind and ethanol margins, which indirectly supports corn and DDGS. Continued strong export pace helps offset weak DDGS demand from China.
ethanolrfa.orgRenewable Fuels AssociationApr 4, 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.
Not enough comparable past events yet for a historical read.
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.
