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Illinois grain groups welcomed the USDA's announcement that Vietnam will resume imports of U.S. DDGS. Vietnam was the third-largest U.S. DDGS importer, with exports above $230 million in 2016, before the December 2016 suspension.
Restored access to a large Asian market should absorb surplus DDGS from ethanol plants and support prices. Lost China volumes mean the recovery will take time to offset.
wjbc.comSep 17, 2017Not 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.
