# Market Perspectives – November 12, 2020 - Page 6 of 10 - U.S. Grains & BioProducts Council

> The U.S. Grains Council weekly DDGS report says U.S. DDGS values were slightly lower as buyers covered near-term needs and spot demand eased. Soymeal offers in Kansas City rose $11.50/MT, and DDGS were priced at 120 percent of cash corn, above the three-year average. Export demand remained firm, with barge CIF NOLA values up $9-14/MT.

- Date: 2020-11-12 · published 2020-11-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50266-market-perspectives-november-12-2020-page-6-of-10-u-s-grains-and-bioproducts
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Soymeal strength supports DDGS as a protein substitute in feed rations, so DDGS prices are likely to hold up despite softer spot demand. Buyers should expect firm export-driven support in the near term.

## Read by commodity

- SBM: bullish ▲
- DDGS: neutral

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-november-12-2020/6/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.