# Is there a corn price and dry distiller grain price relationship?

> A Beef Magazine analysis found corn and DDG prices have a 0.86 correlation from 2006 to 2022, with a regression indicating a 1% corn price move shifts DDG prices by about 0.77%. Using CBOT futures, 2023 corn was projected at $6.25 to $7.00 per bushel and soybean meal at $380 to $410 per ton, implying Kansas DDG prices of $250 to $280 per ton.

- Date: 2022-11-09 · published 2022-11-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38770-is-there-a-corn-price-and-dry-distiller-grain-price-relationship
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Buyers budgeting for 2023 can use projected corn and soybean meal prices to estimate DDG costs. The analysis is a forward-looking model, not a new market event.

## Read by commodity

- CORN: neutral
- DDGS: neutral

## Sources

- beefmagazine.com: https://www.beefmagazine.com/market-news/is-there-a-corn-price-and-dry-distiller-grain-price-relationship-

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.