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US DDGS prices rose $7/MT in the week as buyers sought fall supplies and ethanol plant run rates stayed slow. Kansas City soymeal prices fell $33/MT after futures broke to two-month lows.
DDGS gained despite weakness in soymeal.
Buyers returning to DDGS for fall needs supports DDGS values, while weaker soymeal lowers the cost of a competing protein. The divergence favors DDGS relative to soymeal for feed formulators.
grains.orgSep 2, 2021Not 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.
