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U.S. ethanol exports fell 17% to 83.8 million gallons in October, with Canada remaining the top buyer. U.S. DDGS exports slid 9% to 798,100 metric tons, the lowest since February 2021, with Mexico still the largest customer.
Lower DDGS export volumes reduce demand for a key feed co-product, which weighs on DDGS prices for feed buyers. A stronger dollar making U.S. goods pricier is cited as a factor.
ethanolrfa.orgRenewable Fuels AssociationDec 6, 2022Not 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.
