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The DTN average price for domestic distillers dried grains rose $6 to $241 per ton for the week ended December 8. Ethanol plant output climbed to a 2022 high of 1.077 million barrels per day, and export prices at Barge CIF NOLA were higher.
Higher DDGS prices, supported by a rally in soymeal and firm export demand, make the co-product a little more expensive relative to corn and soymeal. Stronger ethanol output adds some supply offset.
dtnpf.comMary KennedyDec 9, 2022Not 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.
