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The U.S. Grains Council's September 12 DDGS report said cash corn rose after futures rallied 15 cents, and DDGS FOB ethanol plants gained $1.50/MT on firm Kansas City soymeal. DDGS was priced at 106% of corn, equal to the three-year average, and Southeast Asia container prices rose $3/MT to $235.
DDGS values tracked higher corn and soymeal, supporting feed costs for buyers. The 106% corn ratio at the three-year average suggests no strong premium or discount.
grains.orgSep 12, 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.
