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U.S. DDGS prices rose $9/MT in the week to August 26, as declining ethanol run rates tightened supplies on the margin. Domestic purchase interest was slow but steady, and most domestic users had filled early fall needs.
Export offers were lower, and containerized DDGS to Southeast Asia averaged $334/MT.
Tighter ethanol output supports DDGS prices, but quiet export demand and lower offers cap gains. The DDGS-to-corn ratio of 0.92 remains below its three-year average, so DDGS is still competitively priced against corn.
grains.orgAug 26, 2021grains.orgAug 26, 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.
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.
