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DDGS FOB ethanol plant prices fell $8.50/MT and Kansas City soymeal held steady, with DDGS at 120% of cash corn, down from five-year highs of 186%. Barge CIF NOLA offers dropped $5/MT for July shipment, and containerized DDGS offers to Southeast Asia averaged $234/MT.
Slipping DDGS premiums versus corn and soymeal reflect rising ethanol output and seasonal consumption trends, which weigh modestly on feed prices. Export demand from Southeast Asia remains a support.
grains.orgJun 11, 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.
