The FOB Gulf DDGS to SBM spread rose to $107 this week from $101, and the FOB Gulf DDGS to corn spread rose to $37.24 from $35.78. US ethanol output averaged 1.11 million barrels per day in the week ended Feb.
6, up 154,000 bpd week over week and 2.3% year over year.
Wider DDGS discounts to soymeal and corn make the feed cheaper relative to alternatives, supporting DDGS demand from feed buyers while higher ethanol output adds supply.
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.