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Pro Farmer's Market Watch reported big weekly declines in ethanol and DDG prices in Iowa as of November 23, 2022. The update included monthly and quarterly outlooks and local cash bids.
No new cause for the moves was identified in the text.
Lower Iowa DDG prices lower the cost of this corn co-product for Midwest feed buyers. The report describes routine price moves rather than a new supply or demand shock.
profarmer.comPro Farmer EditorsNov 23, 2022Not 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.
