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China's domestic DDGS market fell about 1.58% from early July, with the average price at 2,490 yuan/ton on July 27. Alcohol plants entered maintenance shutdowns after losses, and some sold inventory.
Raw corn weakness limited the downside while rapeseed meal provided some support.
Plant shutdowns and weak corn costs keep Chinese DDGS offers under pressure, reducing the likelihood of strong import demand from that market. Price action is gradual rather than a sharp move.
sunsirs.comJul 28, 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.
