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DTN reports weekly DDG spot prices were higher for the week ended April 2, with many plants showing no offers. Plants that slowed or stalled production are seeking to buy out of contracts, and feeders have shifted to corn, soymeal and corn gluten feed.
Ethanol output fell to its lowest level since 2013 while inventories hit a record.
Tight DDG supply and high DDGS-to-corn price ratios push feeders toward corn, soymeal and corn gluten feed, lifting substitute feed demand while ethanol weakness limits corn demand.
dtnpf.comMary KennedyApr 3, 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.
