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The Biofuels Digest reports that US ethanol exports fell 38% in February 2021 to 101.7 million gallons after a record January. DDGS exports fell 15% to 779,324 metric tons, with Mexico at a five-month low.
Lower DDGS export volumes keep more co-product in the domestic market, a modest bearish signal for DDGS prices.
biofuelsdigest.comMeghan SappApr 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.
