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At the Export Exchange 2018 forum in Minneapolis, USDA and U.S. grain experts discussed the outlook for U.S. corn and DDGS. USGC CEO Tom Sleight said DDGS purchases are rising in Mexico, Canada, Indonesia, Vietnam and India.
Rising DDGS purchases across multiple importing countries support export demand and help absorb the growing ethanol co-product supply. This is a supportive but gradual trend for DDGS prices.
grains.orgjohnparsleyOct 23, 2018Not 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.
