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USDA reported DDGS prices averaged $206 per short ton in its January 26 National Weekly Ethanol Report, essentially flat week over week. The DDGS/cash corn ratio ticked to 1.29 from 1.31, and the DDGS/soybean meal ratio rose to 0.58.
February DDGS export quotes mostly rose $7-10/MT, though Gulf and Barge CIF New Orleans quotes fell $2-5/MT.
Firm export quotes and a DDGS/soymeal ratio that keeps climbing make DDGS more competitive in feed rations, supporting domestic and export demand. Price moves were small, so the market impact is limited.
grains.orgFeb 1, 2024Not 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.
