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U.S. ethanol exports fell 38% in February 2021 to 101.7 million gallons after a record January, with South Korea becoming the top market. U.S. DDGS exports dropped 15% month on month to 779,324 metric tons, with Mexico at a five-month low.
Lower DDGS export volumes mean more co-product supply stays in the domestic feed market, a modest bearish pressure on DDGS prices and a small drag on corn-based ethanol co-product demand.
ethanolrfa.orgRenewable Fuels AssociationApr 7, 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.
