# Market Perspectives – December 7, 2023 - Page 6 of 9 - U.S. Grains & BioProducts Council

> The U.S. Grains Council weekly market report says DDGS values firmed as corn and soymeal gained, with Barge CIF NOLA offers up $3/MT for December. USDA's October grind data showed 11.722 MMT of corn used for fuel ethanol and DDGS output up 5.6% from September to 1.63 MMT.

- Date: 2023-12-07 · published 2023-12-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32795-market-perspectives-december-7-2023-page-6-of-9-u-s-grains-and-bioproducts
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Firmer DDGS and corn-based feed co-product prices raise feed input costs for buyers, while strong ethanol grind supports corn demand. The DDGS/corn ratio sitting well above its three-year average favors DDGS substitution less.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- DDGS: bullish ▲

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-december-7-2023/6/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.