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U.S. ethanol exports fell 37% in July to 51.6 million gallons, the lowest since October 2013, as Brazil, China and India were nearly absent. Canada remained the top destination.
DDGS exports rose 13% to 1.06 million metric tons, with Mexico still the leading customer.
Stronger DDGS export pull supports feed co-product demand and prices, while weaker ethanol shipments signal softer ethanol output and less corn grind demand.
ethanolrfa.orgSep 2, 2021Not 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.
