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DDGS prices were higher in the week ending March 15, 2018, with FOB ethanol plant values falling as soybean meal weakened. Barge CIF and FOB NOLA DDGS values rose $4/MT on resolved logistics issues, and Southeast Asian traded prices averaged $232/MT for April shipments.
Firm DDGS prices reflect strong export demand and a narrowing cost advantage over soybean meal, supporting feed buyers' substitution decisions.
grains.orgMar 15, 2018Not enough comparable past events yet for a historical read.
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.
