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FOB ethanol plant DDGS climbed to $145.06 per metric ton as cash corn averaged $4.21 per bushel, leaving the DDGS-to-corn ratio at 87 percent. Market participants described a quiet market, with July delivery harder to find and container interest from Southeast Asia recovering.
A rising DDGS price with a ratio below the two-year average suggests firm feed value relative to corn, supporting DDGS prices into the summer.
grains.orgJun 20, 2019Not 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.
