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U.S. ethanol exports fell 10% in May to 113.2 million gallons, with Canada again the top destination. U.S. DDGS exports rose 23% month on month to 958,385 metric tons, a nine-month high, led by Mexico and Turkey.
Brazil remained largely absent from the U.S. ethanol market due to a 16% tariff.
Higher DDGS export volumes support demand for this feed co-product and help underpin its value against corn and soybean meal, while weaker ethanol exports have little direct effect on feed supply.
ethanolrfa.orgJul 6, 2023
mnbiofuels.orgLiliana TovarJul 6, 2023After 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.
Not 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.
