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DTN's average domestic DDG spot price fell $5 to $135 per ton for the week ended August 1, across 40 locations. Prices were pressured by corn and soymeal losses and slower summer demand, and DDG was valued at 96.24% of corn and 46.04% of soymeal.
Ethanol supply rose for a fifth straight week to a record 24.468 million barrels.
Record ethanol output adds DDG supply and weighs on prices, while DDG's discount to corn and soymeal makes it more attractive to feeders, supporting demand.
dtnpf.comMary KennedyAug 2, 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.
