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DTN reports the average spot price for domestic distillers dried grains was $239 per ton for the week ended Feb. 25, down $1 from the prior week.
Logistics problems from truck, rail and river transport are easing, and warmer weather is helping plants recover from the extreme cold. Ethanol plant output fell 253,000 bpd to 658,000 bpd, the lowest since May 2020.
Easing logistics and recovering plants should loosen DDGS supply in coming weeks, which weighs on prices. Export buyers are also pulling back as CIF barge offers fall.
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.
