Loading…
US ethanol exports hit a record for June at 145.9 million gallons, and first-half exports rose 41% year on year. DDGS exports fell 7% month on month to 945,592 metric tons, though Mexico, South Korea, Indonesia and China posted gains.
Strong DDGS export demand supports feed co-product prices and tightens domestic supply, which tends to support the value of corn and competing protein meals.
ethanolrfa.orgRenewable Fuels AssociationAug 6, 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.
