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A Nebraska CropWatch analysis examines how low corn stocks-to-use and the Russia-Ukraine conflict affect the distillers-to-corn price ratio. It explains that DDGS supply depends on fuel ethanol and corn, and that wet distillers grains are sold within a limited radius while dry DDGS moves longer distances.
Tight corn supplies raise the cost of DDGS production and shift the DDGS-to-corn price ratio, which determines how competitive DDGS is in livestock rations and therefore its demand.
cropwatch.unl.eduNov 17, 2022Not enough comparable past events yet for a historical read.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
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.
