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DDGS prices rose again as FOB plant values climbed $10/MT, supported by strength in soymeal and broad commodity markets. Barge freight surged, pushing Barge CIF NOLA DDGS offers up $36-48/MT for Q2, and Lethbridge offers were sparse after the CP Rail labor dispute.
Higher barge freight and rail disruption in Canada tighten DDGS availability and lift delivered prices for feed buyers.
grains.orgMar 24, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% over 20.
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.
