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A cargo of about 55,000 tonnes of Brazilian DDGS left Paranagua for Vietnam, the third DDGS consignment ever from that port. Brazilian corn ethanol output is estimated at 4.5 billion liters in 2022/23, up 31%.
Growing Brazilian DDGS exports add new supply to global markets, a mildly bearish factor for DDGS prices competing with U.S. product.
datamarnews.comGabriel MalheirosAug 17, 2022Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
