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The first bulk shipment of US corn DDGS is booked to berth in Brisbane next month, with more cargoes planned. Australian feedlots and millers are cutting cottonseed inclusion rates to under 6% due to a drought-hit cotton crop forecast at 600,000 bales.
Imported DDGS is filling a feed gap left by the short cottonseed supply, adding demand for US DDGS exports and supporting feed-ingredient prices in Australia.
beefcentral.comGuest AuthorFeb 3, 2020
graincentral.comLiz WellsFeb 3, 2020Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
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.
