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DDGS values firmed in the week of May 11 after several weeks of declines, as end users increased purchases. Declining ethanol output reduced spot supplies, and the DDGS to corn price ratio stayed above its three-year average.
Renewed buying and tighter spot supply lifted DDGS prices, which raises the cost of this feed ingredient for buyers and supports its value against corn and soymeal.
grains.orgMay 11, 2023Not 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.
