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US ethanol exports slipped 1% from May to June to 111.9 million gallons, with Canada again the top market at 45% of volume. DDGS exports fell 1% month-on-month to 949,904 tons, though major markets such as Mexico, Vietnam and Indonesia improved.
Export volumes of DDGS hold near record-level demand from Mexico and Asia, supporting feed co-product values. The year-to-date DDGS shortfall of 10% is a modest bearish factor on export-driven pricing.
brownfieldagnews.comadminAug 8, 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.
