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The U.S. Grains Council's weekly DDGS report says domestic and international demand remains strong. FOB ethanol plant prices rose $5/MT, and DDGS are valued at 115% of cash corn and 42% of Kansas City soymeal.
Export offers to Southeast Asia and other destinations were firmer, averaging $256/MT for containers.
Firm export interest and rising corn and soymeal values support DDGS prices, which is relevant for buyers choosing between DDGS and corn or soymeal in rations.
grains.orgOct 1, 2020grains.orgOct 1, 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.
