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DDGS prices fell this week as an increase in ethanol output and weaker corn and soymeal futures pressured the market, with FOB ethanol plant values down $10/MT. Barge CIF NOLA DDGS offers rose $18/MT for June-August shipment, while containerized offers to Southeast Asia eased to an average of $400/MT.
Higher ethanol output adds co-product supply and weaker corn and meal values pull DDGS prices lower, which trims the feed cost advantage for buyers. Firmer barge freight partly offsets the softer values for export-bound product.
grains.orgJun 2, 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.
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.
