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The U.S. Grains Council reported FOB ethanol plant DDGS down to $135.17/MT and cash corn at $3.42/bushel, with a DDGS-to-corn ratio of 100%. Improved river logistics pushed Gulf values lower, and U.S. rail rates fell significantly.
Southeast Asian container indications dropped $5/MT.
Easing barge and rail costs and softer overseas bids point to lower DDGS export prices, although steady buying from Vietnam and Indonesia limits the decline.
grains.orgMay 2, 2019Not 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.
