Loading…
Trade data showed U.S. ethanol and DDGS exports both increased in March, with ethanol shipments up 41% to 195.8 million gallons. DDGS exports rose 21% to 1.03 million metric tons, with Mexico up 79% and Indonesia up 66%.
Higher DDGS exports reduce domestic availability and support feed co-product prices. Strong ethanol export demand also supports corn use.
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.