Loading…
The U.S. Grains Council's September 19 DDGS report said cash corn was steady to higher and DDGS FOB ethanol plants rose $1/MT. Merchandisers said the market is strengthening as ethanol plant slowdowns tighten supplies into fall and winter, while Gulf FOB prices fell $3/MT.
Expected plant slowdowns through fall and winter should keep DDGS supplies tight and support prices. Large world corn and soybean stocks are capping how high values can go.
grains.orgSep 19, 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.
