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US ethanol exports in October reached 131.6 million gallons, the largest monthly volume since December 2011 and up 32 percent from September. Brazil took 42.7 million gallons and Canada 35.0 million, while undenatured fuel ethanol sales hit a record 70.0 million gallons.
Record ethanol export demand supports ethanol margins and corn grind, which lifts demand for corn and co-products such as DDGS.
ethanolrfa.orgRenewable Fuels AssociationDec 6, 2016After 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.
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.
