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U.S. ethanol exports rose 16% in June to 81.9 million gallons, with Canada, South Korea and Peru the largest buyers. U.S. DDGS exports fell 10% to 939,177 metric tons in June, though Mexico remained the top customer.
Softer DDGS export volumes reduce demand for a feed co-product that competes with corn and other grains in rations, a mildly bearish signal for DDGS values.
ethanolrfa.orgRenewable Fuels AssociationAug 5, 2021
mnbiofuels.orgLiliana TovarAug 6, 2021Not enough comparable past events yet for a historical read.
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.
