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US ethanol exports rose 27% in March to a ten-month high of 132.3 million gallons, with Canada the top destination. DDGS exports rose 17% to 898,086 tons, mainly to Mexico, South Korea and Turkey.
Year-to-date ethanol and DDGS exports still trail 2022.
Stronger DDGS export demand supports feed co-product prices, though year-to-date volumes remain below last year and limit the upside.
brownfieldagnews.comMay 4, 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.
