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Cash corn averaged $3.97/bushel and FOB ethanol plant DDGS prices fell $1.95/MT to $142.75/MT. DDGS are at 91% of corn value, below the two-year average of 107%, while soymeal reached $325/MT.
Many ethanol plants are selling DDGS spot as production is expected to slow, and Southeast Asian inquiries are active.
Expected slowdown in ethanol and DDGS output tightens near-term feed supply and supports DDGS prices, while soymeal weakness caps the feed complex.
grains.orgAug 8, 2019Not 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.
