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Brazil's DDG/DDGS exports doubled in 2023 to 608.9 thousand tonnes, generating $180.52 million, according to the corn ethanol union Unem. Exports are projected to grow about 30% this year as new markets open, and production could reach 3 million tonnes this harvest.
Rising Brazilian DDG supply adds competition in global export markets for US DDGS, which could weigh on export prices. The volumes remain small relative to Brazil's 80-million-tonne feed output.
datamarnews.comGabriel MalheirosFeb 8, 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.
