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Cash corn prices rose across the U.S. in the week ending July 9 with firm CBOT values supporting bids. DDGS FOB ethanol plant prices fell $1.50/MT while Kansas City soymeal dropped $4/MT, and Gulf DDGS barge offers fell $10-15/MT.
Softer DDGS offers against firmer corn point to a weaker co-product price relative to grain, which favors DDGS buyers in feed rations.
grains.orgJul 9, 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.
