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ApexBrasil and the National Corn Ethanol Union launched a 2023-2025 export promotion project for Brazilian corn DDG/DDGS, targeting China, Spain, Indonesia, Japan and other livestock markets. Brazil produced about 3 million tonnes of DDGS in 2022/23 and projects reach roughly 6.5 million tonnes by 2031/32.
Growing Brazilian DDGS supply and export promotion adds competition for U.S. DDGS in Asian and other feed markets, which could pressure DDGS prices over time.
datamarnews.comGabriel MalheirosJul 12, 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.
