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The RFA reported U.S. ethanol exports in March rose 15% to a 23-month high of 159.3 million gallons, with Canada as the top market. DDGS exports rose 7% to 1.06 million mt, the largest volume since June 2022, led by strong buying from Mexico, South Korea, Turkey and Indonesia.
Stronger DDGS export demand tightens feed co-product supplies and supports DDGS prices against corn and soymeal. Robust ethanol exports also add to corn demand.
ethanolrfa.orgRenewable Fuels AssociationMay 2, 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.
