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U.S. DDGS exports to South Korea are on track for a record in the 2019/2020 marketing year, recovering after a COVID-19 slump. Exports to date are up 2.9% year over year at 1.11 million tons.
Korean feed makers had switched away from DDGS when prices spiked to $300/MT in April and May.
A recovering South Korean buying program supports US DDGS export demand and prices, though exports remain sensitive to freight and price levels.
feedandgrain.comOct 2, 2020Not 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.
