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The U.S. Grains Council's weekly DDGS report for January 2 says cash corn was steady with basis 20 cents under March futures. DDGS FOB ethanol plants rose $2/MT while Kansas City soymeal fell $4/MT, leaving DDGS at 108% of corn value.
DDGS priced at a high share of corn and a low ratio to soymeal makes it less attractive to feeders relative to soymeal, limiting demand support; prices were broadly steady with thin holiday trading.
grains.orgJan 2, 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.
