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DDGS prices at ethanol plants rose $2/MT this week as cattle feeders increased fall buying interest. Rail-delivered DDGS gained $6-7/MT, and Kansas City soymeal rose $4.30/MT.
Export offers also firmed, with Barge CIF NOLA up $1-2/MT and FOB Gulf up $4-5/MT.
Stronger domestic feed demand is tightening near-term DDGS supplies, which supports prices across feed markets. Higher soymeal values also lend support to the DDGS complex.
grains.orgAug 20, 2020Not 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.
