The U.S. Grains Council weekly DDGS report for the week ending July 31, 2025 shows the FOB Gulf DDGS-to-soybean meal spread widened to $82 from $75, and the DDGS-to-corn spread rose to $23.93 from $23.01. U.S. ethanol output averaged 1.096 million bpd, up 18,000 bpd week over week but 1.2% below a year earlier.
A wider DDGS discount to soybean meal makes DDGS more attractive to feed buyers, supporting DDGS demand while pressuring soybean meal relative value. Steady ethanol output keeps co-product supply firm.
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.