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Cash corn averaged $4.16/bushel across the U.S. during the week, lower on the week. FOB ethanol plant DDGS fell slightly to $147.34/MT, and soymeal dropped to $340.40/MT.
DDGS was priced at 90% of corn, below the two-year average of 107%.
Lower corn and soymeal values pulled DDGS prices down, but DDGS remains competitive as a feed substitute. Stronger international buying interest could support export-driven demand.
grains.orgJul 25, 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.
