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China's domestic DDGS price averaged 2,476 yuan/ton on August 6, down 2.11% from early July. Alcohol plants entered maintenance shutdowns and sold inventory, while terminal feed demand stayed sluggish.
Falling raw corn prices also limited cost support.
Weak feed demand and heavy plant selling keep pressure on Chinese DDGS prices, reducing import interest in DDGS. Lower corn prices are weakening the cost floor for DDGS.
cphibiz.comAug 10, 2021Not 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.
