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Cash corn was $3.41 per bushel and FOB ethanol plant DDGS was $149.80 per metric ton, with the DDGS-to-corn value ratio at 111 percent, above the two-year average. FOB Gulf DDGS for April delivery was $227 per metric ton, and the industry expects continued Mississippi River logistics challenges.
A DDGS-to-corn ratio above average makes the co-product relatively expensive versus corn, which can shift feed rations toward corn, while river disruption raises delivered costs for buyers.
grains.orgMar 7, 2019Not enough comparable past events yet for a historical read.
Not 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.
