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The Renewable Fuels Association reported that October US ethanol exports rose 38% to 104.74 million gallons, with Canada the top market for a seventh month. DDGS exports climbed 24% to 1.06 million tons, mainly to Mexico, Vietnam, Turkey, Indonesia and Canada.
Higher DDGS exports reduce domestic feed supply and support DDGS values. Stronger ethanol shipments also point to firm corn demand from the biofuel sector.
brownfieldagnews.comDec 7, 2021Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
