Loading…
USDA's Grain Transportation Report says U.S. DDGS exports rose in the third quarter of 2022 and year-to-date exports were the largest since 2018. Containerized DDGS exports to China declined while shipments to Canada grew strongly.
Production fell as ethanol output declined.
Higher DDGS export volumes support DDGS prices and rail and barge freight demand. Weaker shipments to China show the market is shifting toward other destinations.
doi.orgDec 15, 2022Not enough comparable past events yet for a historical read.
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.
