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Renewable Fuels Association data show February U.S. ethanol exports fell 7% to 139.0 million gallons, with Canada remaining the top destination despite a 17% monthly decline. DDGS exports rebounded 9% to 986,337 metric tons, led by strong shipments to Mexico, which reached a record-level monthly import volume.
Strong DDGS export demand supports the feed co-product market and can tighten domestic supplies, which tends to firm DDGS prices relative to corn and soymeal. Lower ethanol exports are a modest bearish signal for ethanol-linked corn grind.
energy.agwired.comApr 4, 2024Not enough comparable past events yet for a historical read.
After 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.
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.
