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U.S. DDGS prices fell $2.50 for the week in the December 9 report, as large ethanol run rates pushed more product onto the market. Domestic users had already covered their Q4 2021 needs and were well-stocked for January.
Kansas City soymeal dropped $5 per ton as the market rebalanced from an earlier rally.
Heavy ethanol co-product supply and well-covered domestic buyers weigh on DDGS values. Lower soymeal also reduces the feed-cost support for DDGS.
grains.orgDec 9, 2021grains.orgDec 9, 2021Not 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.
