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USDA data released November 7 showed U.S. ethanol exports of 120.49 million gallons in September, up about 18% month on month. DDGS exports reached 1.03 million metric tons, up nearly 9%.
Firmer export volumes for ethanol and DDGS support domestic corn grind and feed co-product demand, a modest supportive factor for feed prices.
mnbiofuels.orgAshwin RamanNov 8, 2023Not enough comparable past events yet for a historical read.
After 770 past neutral report 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.
