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U.S. DDGS prices rose $8/MT week over week amid broad gains in feed commodities. Ethanol output fell for a second consecutive week, and DDGS/cash corn ratio rose to 0.74 from 0.68.
Export offers from Gulf and container shipments to Southeast Asia also edged higher.
Lower ethanol runs tighten DDGS supply while firmer soymeal and freight support values, which lifts feed costs for buyers. The uptick is modest but points to firmer near-term DDGS pricing.
grains.orgJul 29, 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.
