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US ethanol exports in December rose 34% to 155.6 million gallons, with 2023 total exports at 1.43 billion gallons, the third-highest on record. DDGS exports jumped 20% to 992,827 metric tons, a three-month high, led by South Korea and Mexico.
Stronger DDGS export demand tightens available supply for domestic feed buyers and supports DDGS prices. Strong ethanol export pace also signals solid ethanol demand for corn grind.
ethanolrfa.orgRenewable Fuels AssociationFeb 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.
