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The U.S. Grains Council weekly report shows cash corn at $3.46/bushel and FOB ethanol plant DDGS up to $155.92/MT, with the DDGS/corn value at 112%. Export DDGS prices were mostly flat to slightly down, with FOB Gulf for April at $220/MT, and merchandisers cite river logistics problems.
Flood-related barge disruption is constraining nearby DDGS delivery from the Gulf and river routes, which keeps export basis pressured. Strong DDGS relative to corn favors feeders substituting DDGS for corn.
grains.orgMar 28, 2019grains.orgMar 28, 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.
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.
