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Iowa DDGS prices averaged over $225 per ton in February, the highest since 2014, and have started to move lower in March while remaining more than $100 per ton above the three-year average. Ethanol output growth has increased DDGS production.
Rising ethanol output adds DDGS supply, and seasonal April weakness is expected, pointing to lower feed ingredient prices.
thejacobsen.comBob LaneMar 30, 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.
