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DDGS prices rose in the week ending October 8, 2020, with FOB ethanol plant prices up $2/MT and Kansas City soymeal up $14/MT. Export DDGS offers were mostly higher, and Asian buying picked up.
DDGS were valued at 112% of cash corn and 40% of Kansas City soymeal.
Higher corn and soymeal values support DDGS as a feed substitute, and firm Asian export demand tightens available supply. Buyers should expect firmer DDGS pricing.
grains.orgOct 8, 2020grains.orgOct 8, 2020grains.orgOct 8, 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.
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.
