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According to U.S. Grains Council data through July, U.S. corn exports were up 34.3% year on year in the 2024 marketing year that ended in August. Ethanol exports rose 42.9% and DDGS exports rose 14.8% over the same period.
Minnesota Corn is hosting trade delegations, including a Taiwanese DDGS buyer group in October.
Sharply higher export pace supports U.S. corn and DDGS prices by drawing on domestic supplies. Continued buyer interest from Asia adds to demand going into the new crop year.
mncorn.orgNate GotliebSep 26, 2024After 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.
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.
