
U.S. ethanol is described as steady, but exports fell below 200 million gallons in April, with declines to Canada and the EU outweighing gains to South Korea. Inventories tightened marginally and India pushed ahead with higher ethanol blending.
The piece draws on the June WASDE and RFA export data.
Weaker export demand for ethanol trims the outlet for corn, though steady domestic use limits the impact. India's higher blending mandate could over time reduce its import needs for U.S. product.
Setelah 683 peristiwa perdagangan bearish sebelumnya, Jagung bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -1,7% sampai +1,6%), dan +0,3% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.