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US ethanol exports in October were 117.1 million gallons, down 3% from September, with Canada the top destination. DDGS exports fell 13% to a six-month low of 896,708 metric tons, with Mexico the largest buyer.
Weaker DDGS export flows add supply to the domestic market and can soften DDGS feed prices, while steady ethanol exports support corn demand.
mnbiofuels.orgLiliana TovarDec 7, 2023Not 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.
