# Market Perspectives – June 24, 2021 - Page 6 of 10 - U.S. Grains & BioProducts Council

> U.S. DDGS prices weakened in the week as strong ethanol run rates and weaker CBOT futures and other feedstuffs pressured values. FOB ethanol plant prices fell $13/MT, and the DDGS/cash corn ratio was 0.80, below its three-year average of 1.13. Export offers were lower, though interest rose from Southeast Asian buyers after the price dip.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/46703-market-perspectives-june-24-2021-page-6-of-10-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Lower DDGS prices and a weak corn-based value ratio make DDGS a cheaper feed option, which can limit demand for corn and soymeal in rations. Renewed Southeast Asian buying could support export prices if it persists.

## Read by commodity

- SOY: neutral
- CORN: neutral
- DDGS: bearish ▼
- OCEANFRT: bullish ▲

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-june-24-2021/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-june-24-2021/9/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.