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U.S. DDGS prices rose $7/MT as buyers sought fall supply and ethanol run rates stayed slow, despite weaker soymeal futures. Kansas City soymeal fell $33/MT to two-month lows, and Gulf barge CIF NOLA values dropped $8-10/MT after Hurricane Ida.
Hurricane-related Gulf disruption and slow ethanol output tightened DDGS supply, while soymeal weakness narrowed the DDGS-to-soymeal ratio. Feed buyers should expect continued Gulf-driven volatility.
grains.orgSep 9, 2021Not enough comparable past events yet for a historical read.
After 34 past bearish logistics events, Soybean Meal moved a median +0.4% over 5 sessions (53% higher; middle half -1.8% to +2.6%), 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.
