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The DTN spot price for domestic distillers dried grains fell $2 on average to $151 per ton for the week ended June 5, across 33 reporting locations. Spot demand was limited, and a trader warned supplies could become burdensome if demand stays flat as plant output rises.
Weak spot demand and rising production point to continued softness in DDG prices, which lowers the cost of this corn-based feed for buyers.
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.