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DDGS indications were mostly lower in the week to February 7, with Asian demand quiet during the Lunar New Year and Tet holidays. FOB U.S. Gulf prices for March delivery fell $3 to $215 per metric ton, and high water was slowing barge traffic.
Census data showed November 2018 DDGS exports 16% above a year earlier, led by Mexico.
Softer offers and slower barge movement reduce near-term DDGS value for feed buyers. Continued strong export volumes limit how far prices can fall.
grains.orgFeb 7, 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.
