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US ethanol exports fell 13% in March to 125.1 million gallons, the lowest March total in six years, with Canada as the top customer for the twelfth month. DDGS exports were 927,134 tons, up 6%, and first-quarter DDGS exports reached 2.9 million tons, the largest first quarter since 2017.
Robust first-quarter DDGS exports support feed co-product demand and firm values. Softer ethanol exports signal weaker overseas fuel demand, which could limit corn grind growth.
brownfieldagnews.comMay 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.
