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Cash corn prices rose across the U.S. during the week, with basis firm at 25 cents under July futures. DDGS prices at ethanol plants fell $7.50/MT while Kansas City soymeal dropped $2.50/MT to new contract lows, and DDGS sat at 133% of corn value, down from five-year highs.
DDGS losing value relative to soymeal and corn trims the cost advantage for feeders, which can shift rations back toward soybean meal and support corn demand at the margin.
grains.orgMay 28, 2020grains.orgMay 28, 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.
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.
