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The RFA reported US ethanol exports of 115.9 million gallons in November, down 1% from October, with Canada the top market. DDGS exports fell 7% to 829,911 tons, while ethanol imports were mostly from Brazil.
Weaker DDGS exports reduce foreign demand for US feed co-products, which pressures DDGS prices. Ethanol export flows show steady but modest demand for corn-based fuel.
brownfieldagnews.comJan 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.
