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The USDA Foreign Agricultural Service reported U.S. ethanol exports of 101.48 million gallons in June, down from May but up year on year. U.S. distillers grains exports reached 1.01 million metric tons in June, up from May and June 2021, with Vietnam, Mexico and Turkey the top destinations.
Strong DDGS export demand supports U.S. DDGS prices and reduces domestic supply available for feed buyers, a modestly bullish signal for DDGS and corn.
mnbiofuels.orgAshwin RamanAug 8, 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.
