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DDGS values rose on the week amid steady ethanol grind and firmer demand, with corn's late-week rally offsetting soymeal weakness. Low Mississippi River draft levels and barge loading restrictions are raising prices for product bound for the Gulf.
Tighter barge logistics and firmer DDGS values support feed costs for buyers relying on Gulf-bound product, while the DDGS-to-corn ratio above its three-year average makes DDGS relatively expensive versus corn.
grains.orgOct 5, 2023Not 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.
