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Growth Energy welcomed the signed USMCA trade agreement, which modernizes the prior pact and adds market access for US biofuels and co-products. It cites Mexico's planned 10% nationwide ethanol blend and Mexico as the largest destination for US DDGS.
Improved access to Mexico and Canada supports US DDGS and ethanol export demand, which is supportive for corn and DDGS prices.
biofuels-news.comBiofuels Int @biofuelsmagDec 11, 2019After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
Not 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.
