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U.S. ethanol exports fell 13% in March to 125.1 million gallons, the lowest March total in six years, with China and Brazil absent from the market. DDGS exports rose 6% to 927,134 metric tons, with Mexico remaining the top buyer and South Korea and Vietnam posting strong gains.
Stronger DDGS export demand supports feed co-product values and offers a competitive substitute for corn and soymeal in feed rations. Weaker ethanol shipments point to softer overall ethanol demand, which can weigh on corn grind and co-product supply.
ethanolrfa.orgRenewable Fuels AssociationMay 4, 2022Not enough comparable past events yet for a historical read.
After 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.
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.
