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DTN's average domestic DDG price was $269 per ton for the week ended May 19, down $17 over two weeks. Ethanol production held near 991,000 bpd while ethanol inventories drew down as demand neared a seven-month high.
Weaker cash corn has pulled DDG prices lower, though firm soymeal provides some support. Buyers face slightly cheaper DDG feed, with the price trend driven mainly by corn.
dtnpf.comMary KennedyMay 20, 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.
