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USDA reported DDGS prices averaged $206 per short ton in the January 19 National Weekly Ethanol Report, up slightly from $204 the prior week. DDGS export prices were largely stable week over week, with only sub-$3/MT moves on Barge CIF New Orleans and FOB Vessel Gulf quotes.
DDGS priced firmly against weaker corn and soybean meal raises the relative value of the co-product for feed buyers, with the DDGS/corn ratio holding near 1.31, well above the historical 1.00-1.15 range.
grains.orgJan 25, 2024Not enough comparable past events yet for a historical read.
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.
