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The USGC weekly market perspectives report said DDGS values fell $5 per metric ton as soymeal futures pulled back and buyers awaited the February WASDE. Ethanol run rates remain strong, pushing more product to the domestic market, and December DDGS exports reached 0.887 million metric tons.
Lower DDGS offers relative to soymeal and corn reflect ample domestic supply, which tends to keep feed co-product prices at a discount to soybean meal.
grains.orgFeb 9, 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.
