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DTN's average domestic DDG spot price fell $3 to $141 per ton for the week ended February 7. Ethanol output dropped by 45,000 bpd to 967,000 bpd, down 8.5% from a year earlier.
Ice and high water on Mississippi tributaries were slowing barge traffic and Gulf loadings.
Lower DDG prices should eventually draw buyers back into rations, but river and Gulf logistics delays are limiting how quickly export prices can move. The cheaper product supports feed demand.
dtnpf.comMary KennedyFeb 8, 2019Not 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.
