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US ethanol exports reached a four-year high of 185.2 million gallons in April, up 48% from March. DDGS exports fell 12% to 813,749 metric tons, a 14-month low, with Mexico's imports down by a third.
Weaker DDGS export demand from Mexico and other Asian and North American buyers leaves more product in the domestic market, which pressures US DDGS prices. Strong ethanol exports do not directly lift DDGS volumes.
ethanolrfa.orgRenewable Fuels AssociationJun 7, 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.
