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US DDGS exports rose 15% year to date, reaching their highest level since 2018, according to USDA's August 22 Grain Transportation Report. Containerized shipments gained 34% as bulk grain logistics faced problems, and China's purchases rose 33% despite its antidumping duties.
Robust DDGS demand and a shift to containerized shipping support DDGS prices and reduce domestic feed supply, a supportive signal for corn-based feed values.
world-grain.comSusan ReidyAug 23, 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.
