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U.S. ethanol exports rose 16% month over month to 143.1 million gallons in February, 41% above a year earlier, with record undenatured fuel ethanol volumes to South Korea and Singapore. U.S. DDGS exports fell 20% to 870,844 metric tons, the lowest in five months, though Mexico remained the top buyer.
Lower DDGS export volumes reduce demand for a corn-based feed co-product, which can soften DDGS prices, while strong ethanol exports support corn grind and co-product output.
ethanolrfa.orgRenewable Fuels AssociationApr 5, 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.
