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US ethanol exports to China have fallen to zero, while exports to Brazil are up sharply. DDGS shipments to China are down 70 percent so far this year, and China's share of US DDGS exports has fallen below 10 percent after China's anti-dumping duties took effect.
Lost Chinese demand for DDGS shifts volume to other markets at lower prices, which weighs on DDGS values. Chinese corn self-sufficiency and falling stocks ratios make future corn purchases hard to predict.
farmprogress.comRichard BrockAug 8, 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.
