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The U.S. Grains Council's weekly market perspectives report says U.S. DDGS prices rose this week as continued cold in the Midwest and high natural gas prices curtailed production. The DDGS-to-corn price ratio fell from the prior week to 118 percent, still above its three-year average.
Barge CIF NOLA values were up $2/MT for March but down $4-5/MT for April/May.
Curtailed ethanol output tightens DDGS supply, which supports feed prices and makes DDGS relatively pricier against corn and soymeal. Buyers face firmer DDGS offers while customers wait to see how plant cutbacks play out.
grains.orgFeb 18, 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.
