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The USGC weekly report for September 10, 2020 described strong domestic DDGS demand amid year-over-year declines in ethanol and DDGS output. FOB ethanol plant DDGS rose $1-2 per ton and was priced at 116 percent of cash corn, while international buyers began booking fall shipments.
Barge CIF NOLA offers rose $2-3 per ton.
Rising export bookings and firm domestic demand support DDGS prices, with the price ratio to corn remaining above the five-year average.
grains.orgSep 10, 2020Not 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.
