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US ethanol exports in November fell 10% to 113 million gallons but were 6% above year-earlier levels. Canada took about a third of the total, and Brazil and China returned as buyers.
US DDGS exports fell 3% to 927,000 metric tons, with Turkey rising to a four-month high.
Export demand for US ethanol and DDGS supports corn use and feed-ingredient prices. The return of Brazil and China adds some support to the outlook.
rrfn.comDon WickJan 9, 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.
