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The DTN weekly average DDG spot price rose $2 to $142 per ton for the week ended October 10. EIA data showed U.S. ethanol inventories fell 2 million barrels to a two-year low of 21.2 million barrels.
The DDG price was 104.56% of corn value.
Tighter ethanol inventories and firm cash basis support DDG prices, which tightens feed supply for buyers.
dtnpf.comMary KennedyOct 11, 2019Not 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.
