The U.S. Grains Council's weekly DDGS report for the week ending Dec. 4 showed the FOB Gulf DDGS-to-soybean meal spread at $130, down from $138.
The DDGS-to-corn spread also narrowed to $27.05 from $28.74. U.S. ethanol production averaged 1.126 million bpd for the week ending Nov.
28.
A narrower DDGS discount to soybean meal and corn signals softer relative value for DDGS in feed rations. Feed buyers may see less pressure to substitute DDGS for other protein or energy sources.
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.