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The RFA reported March U.S. ethanol exports at a 23-month high of 159.3 million gallons, up 15% from February. DDGS exports rose 7% to 1.06 million tons, mainly to Mexico, South Korea and Turkey.
Higher DDGS exports tighten co-product supplies and support feed prices. The increase in ethanol exports also supports corn demand.
brownfieldagnews.comJohn PerkinsMay 2, 2024Not 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.
