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Feedmillers in Southeast Asia are shifting to DDGS as high corn prices make it less attractive, according to an Asian Agribiz report citing the U.S. Grains Council. U.S. corn futures were reported up 213% year on year, compared with 79% for soybeans.
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Higher corn prices make DDGS a more cost-effective substitute for feed buyers in Asia, which lifts demand and export prices for DDGS.
asian-agribiz.comAsian Agribiz TeamMay 20, 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.
