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U.S. DDGS prices firmed $2-3/MT in the week to August 5 on steady ethanol output and strong domestic demand. Kansas City soymeal rose $6/MT, and Barge CIF NOLA offers slipped $2-5/MT for August/September.
Container tightness supported prices, and some exporters pulled offers for Hai Phong, Vietnam due to port congestion.
Steady ethanol production and firm domestic demand support DDGS prices, while port congestion adds cost to export flows. Stronger DDGS values make it a more expensive substitute for corn and soymeal in feed rations.
grains.orgAug 5, 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.
