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U.S. ethanol producers are urging Mexico and India to take more fuel exports to reduce a biofuel glut. Industry executives say that without new markets, producers may have to cut output after investing hundreds of millions of dollars in plants.
If producers cut ethanol output for lack of export outlets, co-product DDGS supply could tighten, though the effect on feed prices depends on whether new export markets develop.
reuters.comMichael HirtzerNov 28, 2017Not enough comparable past events yet for a historical read.
After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% 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.
