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DDGS prices fell $3-5/MT in the week amid continued weakness in commodity futures, and buyers adopted hand-to-mouth purchasing that slowed trade. Barge CIF NOLA offers were $10/MT lower on average and FOB Gulf offers were down $7-10/MT.
Weak corn and soymeal futures and cautious buyer procurement pressure DDGS values lower. Hand-to-mouth buying reduces near-term demand support.
grains.orgJul 7, 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.
