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U.S. DDGS exports rose 6% from September to March compared with a year earlier, to almost 7 million metric tons. Chinese purchases fell sharply after China imposed countervailing duties in January, while Mexico increased its purchases.
Shifting export flows from China to Mexico redirect DDGS demand, and the loss of China's duty-hit volume is a bearish factor for U.S. DDGS prices.
brownfieldagnews.comTom SteeverMay 30, 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.
