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The DTN domestic DDG average spot price slipped to $140 per ton for the week ended April 4. Spot truck prices fell after bearish USDA reports on March 29, and rail, barge and Gulf export indications were lower, with Upper Mississippi River traffic halted by locks closed.
Stalled river traffic and weaker corn values push DDG prices lower and can raise regional logistics costs for feed buyers.
dtnpf.comMary KennedyApr 5, 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.
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.
