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The DTN domestic DDG average spot price fell $3 to $125 per ton for the week ended May 2, a $14 drop over three weeks. Weaker soymeal and corn prices and rising ethanol output ahead of seasonal lower demand weighed on the market.
DDG-to-corn value was 96.68%, below the two-year average.
Lower soymeal and corn values and heavier ethanol production supply are pushing DDG prices down, though the decline has been gradual.
dtnpf.comMary KennedyMay 3, 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.
