Loading…
DTN reported the weekly average DDG spot price fell $2 to $148 per ton for the week ended January 30, as corn and soymeal markets moved lower. The EIA reported domestic ethanol inventories rising for a fourth week while blending demand rose.
Lower corn and soymeal values pulled DDG prices down, and rising ethanol inventories signal softer ethanol demand that weighs on DDGS values.
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.
