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U.S. DDGS values rose again this week, with FOB ethanol plant values up $7.50/MT. Kansas City offers climbed $16.50/MT to $485.50/MT, supported by stronger soymeal prices.
Domestic demand stayed firm while export interest slowed as Southeast Asian buyers waited for offers to fall.
Higher soymeal prices are lifting DDGS as a substitute protein, and the DDGS/corn ratio at 119% sits above its three-year average, which supports feed costs for buyers. Slowing export interest is a limiting factor if offers keep rising.
grains.orgJan 28, 2021Not 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.
