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The RFA reports U.S. ethanol exports rose 5% in September to 148.5 million gallons, with Canada as the top market. DDGS exports fell 10% in September to a three-month low of 1.01 million metric tons, with Mexico remaining the largest buyer.
Year-to-date ethanol exports are up 37%, while DDGS exports are up 13%.
The monthly DDGS dip reduces near-term feed co-product demand and may pressure DDGS values. Continued ethanol export growth keeps corn grind supported.
ethanolrfa.orgNov 5, 2024Not enough comparable past events yet for a historical read.
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.
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.
