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Cash corn prices rose across the US while DDGS FOB ethanol plant prices fell $1.50 per tonne and Kansas City soymeal dropped $4 per tonne. DDGS were priced at 106% of cash corn, below the five-year average of 109%, and Gulf DDGS offers were mostly steady.
Lower DDGS and soymeal values with firm corn make DDGS relatively less expensive as a feed substitute, which can support buying. Gulf offers steady to firmer indicate tight near-term supply.
grains.orgJul 9, 2020Not enough comparable past events yet for a historical read.
Not 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.
