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Cash corn prices fell 2% nationally, with basis at 21 cents under September futures. DDGS at ethanol plants held steady, while Kansas City soymeal dropped $7/MT as soymeal futures weakened.
Export offers were mixed, with Barge CIF NOLA down $3/MT for September and up $5/MT for October.
Weaker soymeal futures pull down the value of competing protein meals and cap DDGS pricing. Mixed export offers suggest no clear direction for DDGS demand yet.
grains.orgAug 6, 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.
