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Feed formulators are using distillers' grains to replace corn in rations, and in some dairy rations they also displace soybean meal. Industry comments note the market is short on carbohydrates and fats, and recent soybean meal weakness is tied more to South American crop prospects than to DDGS competition.
Stronger DDGS demand as a corn substitute supports DDGS values while reducing feed demand for corn and some soymeal. Buyers should watch whether this substitution keeps pulling corn and soymeal prices lower.
agweb.comRoy LeidahlNov 17, 2020Not 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.
