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The Renewable Fuels Association reported that US ethanol export value hit a record $7.2 billion in 2022, with volumes of 1.35 billion gallons, the fourth-highest on record. Distillers grains shipments totaled 11.0 million metric tons, slightly below 2021.
Strong ethanol export demand supports corn grind and co-product supply, while distillers grains volumes steady at high levels keep DDGS competitively priced against soymeal in feed rations.
ethanolrfa.orgFeb 8, 2023After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
