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The US Grains Council DDGS report says DDGS prices rose $5/MT on firm corn futures and physical soymeal. Rail velocity problems are hurting origin shipments, with Kansas City and Elwood prices down $10-15/MT while West Coast and Canadian delivered prices rose.
Stronger corn and soymeal support DDGS values, while rail bottlenecks widen regional basis and raise delivered costs for feed buyers in some markets. The DDGS-to-soymeal ratio below its three-year average makes DDGS relatively cheap.
grains.orgJul 28, 2022Not enough comparable past events yet for a historical read.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% 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.
