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U.S. Grains Council CEO Ryan LeGrand said at the council's annual meeting in Sacramento that he was optimistic about most export markets but frustrated by Mexican decrees and Colombian trade decisions. He highlighted new feed grain and distillers grains opportunities in Africa, Indonesia and the UK, and noted that China has agreed to import Brazilian corn.
He also reported that U.S. ethanol exports are on pace to exceed 1.5 billion gallons this marketing year.
Stronger ethanol and distillers grains demand supports U.S. corn and DDGS, but China's Brazilian corn purchases could shift global grain flows and weigh on U.S. corn export demand.
agri-pulse.comBrad HookerJul 27, 2022After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
