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Cash corn rose slightly to $4.28/bushel, while FOB ethanol plant DDGS edged down to $148.57/MT. The DDGS-to-corn ratio was 88%, and Kansas City soymeal fell $8/MT.
Easing river navigation lowered CIF Gulf barge values.
Easing barge logistics and slightly lower DDGS values reduce delivered costs for buyers. The ratio to soymeal near its three-year average suggests DDGS stays competitively priced.
grains.orgJul 18, 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.
