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U.S. DDGS values continued to rally, with FOB ethanol plant values up $7.50/MT for the week. Kansas City offers rose $16.50/MT to $485.50/MT on stronger soymeal prices.
Domestic demand was firm while export interest slowed, and Southeast Asian buyers held back in anticipation of lower offers.
Stronger soymeal is pulling DDGS prices higher, and the DDGS/soymeal ratio above its three-year average suggests DDGS is relatively expensive versus soymeal. Buyers may face higher feed costs unless export demand picks up or offers ease.
grains.orgJan 28, 2021grains.orgJan 28, 2021Not enough comparable past events yet for a historical read.
Not 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.
