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U.S. DDGS prices rose $20 per metric ton in the week reported May 6, extending a commodity bull market. Domestic buyers had bought little forward and were covering amid the rally, while export offers were mixed.
Late forward buying by domestic feeders supports DDGS prices, and a tight DDGS-to-corn ratio limits the feed-value advantage for buyers.
grains.orgMay 6, 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.
