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India's ethanol expansion is creating a market for distillers dried grains with solubles (DDGS) as animal feed, with USDA estimating 3.2 million tonnes supplied to the feed sector in 2024-25 and 4.2 million tonnes forecast for 2025-26. Feed manufacturers are switching to cheaper DDGS, which is priced well below soybean meal in local markets.
Cheaper DDGS substitutes for soybean meal in Indian feed rations, which weakens domestic demand for soymeal and pressures soybean crush margins. Growing DDGS supply also caps prices for competing protein meals.
asiadaily.orgWritten with AI by Asia DailyNov 15, 2026After 224 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% 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.
