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US ethanol exports in April rose 34% to 214.2 million gallons, the highest since March 2018, with Canada, the UK and Brazil posting strong gains. US DDGS exports fell 8% to 970,164 metric tons, though Mexico rebounded 36% and Indonesia set a record.
Strong ethanol export demand supports ethanol plant run rates, which generate more DDGS supply; the mixed DDGS export picture leaves feed buyers with ample domestic supply and limited export-driven price support.
ethanolrfa.orgRenewable Fuels AssociationJun 6, 2024
mnbiofuels.orgLiliana TovarJun 7, 2024mnbiofuels.orgLiliana TovarJun 7, 2024After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
