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The US Grains Council said China is expected to keep its ethanol program steady, with a national blend rate seen reaching about 4 percent long term, despite the unofficial suspension of its E10 mandate earlier this year. The Council also said Vietnam, Indonesia and Thailand will remain top buyers of US DDGS, and that a US ethanol output dip will not affect DDGS exports to Southeast Asia.
Stable Chinese ethanol policy means limited new corn demand from that channel, while steady Southeast Asian DDGS demand supports US co-product export prices.
spglobal.comSep 30, 2020Not enough comparable past events yet for a historical read.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
