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DDGS prices rose $12 per ton in the week ending March 31 to $222 per ton. Corn futures hit the daily limit after USDA data showed lower-than-expected corn planting, which pointed to tighter supplies.
Surprise USDA planting data tightened the corn outlook and lifted DDGS, which tracks corn values. Feed buyers face higher costs for corn-based feed.
biofuelsdigest.comMeghan SappApr 5, 2021Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
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.
