Loading…
The Renewable Fuels Association reported U.S. ethanol exports of 113.2 million gallons in May, down 10% from April, with Canada the top destination. DDGS exports rose to a nine-month high of 958,385 tons, mainly to Mexico, Turkey and South Korea.
Year-to-date ethanol exports trail 2022 while DDGS exports are also slower.
A rise in DDGS export volume supports feed co-product demand, but year-to-date shipments lagging 2022 pace limit how much this strengthens prices.
brownfieldagnews.comadminJul 6, 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.
