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U.S. DDGS prices rose $7/MT in the week to April 29, with export offers sharply higher for May-July shipment. Corn and soymeal markets strengthened and rail rates rose.
The DDGS/cash corn ratio fell to 0.87, below its three-year average of 1.10.
Stronger corn and soymeal values are lifting DDGS as a feed substitute, and rising freight costs add to export prices. Buyers should expect firmer DDGS and feed-grain costs into the summer.
grains.orgApr 29, 2021Not enough comparable past events yet for a historical read.
Not 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.
