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FOB ethanol plant DDGS was $151.69/MT last week, down from the prior week, according to the U.S. Grains Council. The DDGS-to-cash corn value ratio was 110%, above the two-year average of 107%.
Merchandisers reported more business from Southeast Asia, Vietnam, Egypt and the Mediterranean.
A lower FOB price combined with a DDGS/corn ratio above average makes DDGS a relatively attractive feed ingredient. Renewed export demand could support prices if it continues.
feedstuffs.comFeb 15, 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.
