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U.S. ethanol exports fell 28% in August to 77.0 million gallons, the lowest in over a year, though Canada took a record 52.9 million gallons. U.S. DDGS exports fell 7% to a three-month low of 981,020 metric tons, with Mexico, Vietnam and South Korea the leading markets.
Softer DDGS export volumes add supply to the domestic feed market, which weighs on DDGS prices and reduces competition for feed-grade meal buyers.
ethanolrfa.orgRenewable Fuels AssociationOct 5, 2022Not enough comparable past events yet for a historical read.
After 770 past neutral report 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.
