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The U.S. Grains Council reported FOB ethanol plant DDGS at $147.20/MT with cash corn at $3.36/bushel for the week. It also noted that Mexico was the top buyer of U.S. DDGS in February, taking 22 percent of exports.
Export flows concentrated in Mexico and Asia support DDGS demand, but softer barge and Gulf values indicate limited upward price pressure.
grains.orgApr 18, 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.
