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The DTN domestic DDG average spot price slipped to $139 per ton for the week ended April 11. Blizzard conditions disrupted Upper Midwest trucking, and the U.S. Grains Council reported lower rail, barge and Gulf export indications.
Logistics disruption and weaker corn values pressure DDG spot prices, which can narrow the value gap against soymeal for feed buyers.
dtnpf.comMary KennedyApr 12, 2019Not enough comparable past events yet for a historical read.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
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.
