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The U.S. Grains Council reported DDGS prices up $5/MT in the week, driven by rallies in corn futures and physical soymeal. Rail rates were mixed with railroad velocity problems hurting origins, and barge CIF NOLA spot values rose $2/MT.
Rising corn and soymeal values support DDGS prices, while rail performance problems constrain movement from origins and can widen regional basis. Buyers should expect firm DDGS pricing while logistics stay strained.
grains.orgJul 28, 2022grains.orgJul 28, 2022Not 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.
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.
