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DDGS prices pulled back this week as soybean and soymeal prices weakened and ethanol plants returned from spring maintenance with more output. FOB ethanol plant DDGS averaged $297/MT, and export offers from the Gulf and to Southeast Asia were lower.
Seasonal output increases and softer soymeal values are pushing DDGS lower, giving feed buyers a cheaper protein option. Buyers who double bought may pause, so near-term demand could stay soft.
grains.orgMay 5, 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.
