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The Export Exchange 2016 conference in Detroit, held October 24 to 26, produced reported sales of about 2.6 million metric tons of grains and co-products worth $460 million. Corn accounted for 924,500 metric tons and DDGS for 875,000 metric tons, with more than 200 international buyers attending.
Large forward sales of corn and DDGS to international buyers support US export demand and underpin prices for these feed ingredients.
ethanolrfa.orgRenewable Fuels AssociationDec 2, 2016After 729 past bullish trade events, CORN moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
Not 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.
