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The U.S. Grains Council's June 2 market perspectives report shows DDGS prices pressured by higher ethanol output and weaker corn and soymeal futures, with FOB ethanol plant values down $10/MT. Barge CIF NOLA DDGS offers rose $18/MT while container offers to Southeast Asia eased.
Higher ethanol output adds co-product supply and weaker corn and meal values lower DDGS prices, improving the value of DDGS to feed buyers. Firmer barge freight partly offsets the price declines on export-bound shipments.
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.
