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Cash corn prices fell 3 cents per bushel across the US this week despite the ongoing harvest, while DDGS FOB ethanol plant prices rose $2/MT. DDGS are priced at 106% of cash corn, in line with the three-year average, and Southeast Asian buyers were active.
Lower cash corn and firmer DDGS values narrow the gap between the two, so DDGS remains a competitively priced protein alternative for feed buyers.
grains.orgOct 24, 2019Not 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.
