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The U.S. Grains Council says DDGS prices should rise more slowly than corn and soybeans, making current levels a good time to buy. U.S. corn prices rose over the prior two weeks after storms crossed the Corn Belt, and ethanol output is still recovering from COVID-related losses.
Slower DDGS price gains relative to corn and soybeans make the feed more attractive for buyers to purchase now. Ethanol production that has not fully recovered limits DDGS supply growth.
asian-agribiz.comZahrah ImtiazSep 3, 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.
