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The U.S. Grains Council's weekly DDGS report for June 26, 2025 put the FOB Gulf DDGS-to-soybean meal spread at $77, down from $78, and the DDGS-to-corn spread at $35.56, down from $35.63. U.S. ethanol output averaged 1.081 million bpd, down 28,000 bpd week on week and 3.5% above a year earlier.
Slightly narrower DDGS discounts to meal and corn modestly reduce the feed value advantage for buyers, leaving DDGS prices under mild pressure while ethanol output stays high.
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.