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October US ethanol exports fell 3% from September to 117.1 million gallons, with Canada the top market for the 31st month. DDGS exports dropped to a six-month low of 896,708 tons, and year-to-date DDGS exports were 8.99 million tons, 4% below 2022.
Lower DDGS export volumes leave more co-product for domestic feed markets, a mildly bearish factor for feed-grade DDGS pricing.
brownfieldagnews.comDec 6, 2023Not 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.
