◂ Event Timeline

Nov 1, 2016TRADEUS

Surging ethanol exports are helping to support corn market

Iowa Farm Bureau reports that rising US ethanol export sales are increasing demand for corn and supporting a struggling corn market. The export promotion effort is ongoing and sales are rising to destinations worldwide.

WHY IT MATTERS

Higher ethanol export demand adds to corn usage, providing modest support to corn prices.

AFFECTSCorn▲

SOURCE
iowafarmbureau.comDirck SteimelNov 1, 2016

Price reaction & history

Corn▲bullishSO FAR1d -1.0%5d +1.9%20d -4.3%

After 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.

Nov 4, 2016September Ethanol Exports Balloon as China Returns to Market+2.6%
Jun 11, 2018Corn, ethanol exports on pace to top estimates-3.5%
Apr 5, 2018Reinvigorated U.S. Ethanol Export Market Vaults to New Record High+1.1%
May 2, 2024March U.S. Ethanol and DDGS Exports Surge Toward 2-Year Highs+0.9%
Apr 24, 2026Are US ethanol exports hitting record highs in 2026?+1.2%

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.

Corn CORN · GP ▸

——— · ·

Loading…