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The Renewable Fuels Association reported December ethanol exports of 155.6 million gallons, up 34% from November, and 2023 exports of 1.43 billion gallons. DDGS exports reached a three-month high of 992,827 tons, while 2023 DDGS exports fell 1% from 2022.
Higher December DDGS shipments reduce domestic feed supply, supporting DDGS values. Brazil's tariffs continue to keep US ethanol out of that market, limiting export outlets.
brownfieldagnews.comFeb 7, 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.
