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U.S. DDGS prices fell $1/MT this week as rising ethanol output lifted domestic supplies. Brokers said high barge freight and logistics problems make domestic, Mexican and Canadian sales more attractive than Gulf exports.
Kansas City soymeal rose $3.50/MT, and the DDGS to soymeal ratio sits at 0.52.
Growing ethanol co-product supply and freight costs push DDGS values lower relative to corn and soymeal, which favors buyers. Gulf FOB volatility could persist until new-crop harvest pressure arrives.
grains.orgOct 28, 2021grains.orgOct 28, 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.
