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US ethanol exports in January fell 4% to 150.0 million gallons, with Canada remaining the largest destination and India hitting a three-year high. US DDGS exports slipped 9% to 902,376 mt, though Mexico regained its top DDGS customer spot and shipments rose to Vietnam, Japan, Colombia and China.
Steady DDGS export demand from Mexico and Asia supports feed-market prices for the co-product, while lower overall volumes limit upside. Ethanol export strength supports corn demand.
mnbiofuels.orgLiliana TovarMar 7, 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.
