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USDA reported DDGS prices averaged $193 per short ton in the March 1 National Weekly Ethanol Report, down $7 from the prior week. EIA data showed ethanol production at 1.057 million bpd in the week ending March 1, down 2% week-over-week but up 5% year-over-year.
A sharp weekly DDGS price drop and a shrinking DDGS-to-corn ratio make the co-product less competitive in feed rations, pressuring DDGS values.
grains.orgMar 7, 2024Not 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.
