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The DTN spot price for domestic distillers dried grains fell $2 on average to $156 per ton for the week ended February 27, across 33 reporting locations. The U.S. Grains Council reported FOB Gulf export prices down $6 to $225 per metric ton and CIF NOLA barge prices down $17 to $211 per metric ton.
Cash corn prices fell and merchandisers reported ample supply on hand.
Ample DDGS supply and lower cash corn prices weaken the value of DDGS in feed formulations, which tends to pressure feed-grade pricing. Buyers may find room to negotiate lower delivered prices in the near term.
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.
