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Ethanol exports declined 6% from August to September to 75.8 million gallons, with almost half going to Canada. DDG exports fell 31% to a seven-month low of 853,751 tons, mainly to Mexico, Vietnam and South Korea.
Lower DDGS export volumes add supply to the domestic feed market, pressuring DDGS prices while weak ethanol export demand limits corn-related upside.
brownfieldagnews.comNov 4, 2021Not enough comparable past events yet for a historical read.
After 770 past neutral report 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.
