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Joanna Schroeder reported on Renewable Fuels Association analysis of government data showing October US ethanol exports of 131.6 million gallons, the highest monthly volume since December 2011. Brazil was the top destination at 42.7 million gallons, and year-to-date exports reached 825.5 million gallons.
Strong ethanol export pace supports corn demand from the ethanol sector and the co-product supply balance for feed buyers.
energy.agwired.comDec 8, 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.
