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U.S. ethanol exports rebounded 18% in September to 120.5 million gallons, with Canada remaining the top destination. DDGS exports rose 9% to 1.03 million metric tons, led by Mexico, Vietnam, South Korea and Canada.
Stronger DDGS export demand supports the feed co-product's value against corn and soymeal for feed buyers, while steady ethanol exports sustain corn grind demand.
ethanolrfa.orgRenewable Fuels AssociationNov 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.
