Loading…
DDGS prices were $10/MT lower in the week as markets were thin with the start of summer. Early-week breaks in corn and soymeal futures and rising ethanol run rates added pressure.
Buyers were buying as needed after Midwest rains eased supply concerns.
Thin trade and higher ethanol output add DDGS supply, while buyers' comfort with feed supply limits demand, pointing to softer co-product prices. The DDGS/soymeal ratio of 0.54 remains above its three-year average.
grains.orgJun 16, 2022grains.orgJun 16, 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.
