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US ethanol exports were 115.9 million gallons in November, down 1% from October, with Canada the top destination for the 32nd month. DDGS exports slowed 7% to 829,911 metric tons, the lowest since April, with Mexico remaining the largest buyer.
Slower DDGS export shipments reduce demand for US co-products, which is bearish for DDGS prices. Strong ethanol exports to new markets like Colombia support ethanol demand.
mnbiofuels.orgLiliana TovarJan 9, 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.
