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U.S. ethanol exports fell by half in January from December's record, to 88.3 million gallons, with Brazil and Canada taking about 70% of shipments. DDGS exports dropped 7% to 898,940 metric tons, with Mexico still the top buyer and South Korea and Vietnam sharply lower.
Weaker DDGS export demand adds supply to the domestic feed market, which tends to pressure DDGS prices and make them less competitive against other feed ingredients.
energy.agwired.comMar 8, 2018Not 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.
