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Brazilian corn-ethanol producer Inpasa is expected to ship its first DDGS cargo to China around February 8, following China's opening to Brazilian DDGS. USDA estimates China could import about 1 million tons of Brazilian DDGS annually.
New Brazilian supply in China could displace US DDGS in that market and pressure US DDGS prices, while opening other Asian markets for US product.
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.