
Indian feed manufacturers report low protein ingredient prices due to abundant DDGS supply from rapidly expanding corn and rice ethanol output. DDGS now supplies a large share of the protein feed segment, and the average price of protein feeds in India was USD 124 per tonne as of Oct.
15. Analysts expect the weak protein market to persist for four to six months.
Heavy Indian DDGS supply is displacing soybean meal and other protein ingredients, keeping protein feed prices subdued and capping export opportunities for soymeal into the region.
Not enough comparable past events yet for a historical read.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
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.