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Cash corn was $3.42 per bushel and FOB ethanol plant DDGS rose over $2 to $162.33 per metric ton in the week's report. Asian buyers including Indonesia, South Korea, Taiwan and Vietnam booked February and March delivery, and FOB U.S. Gulf indications eased $2 to $212 per ton.
Steady Asian demand supports DDGS export values, while the DDGS-to-corn value ratio above the two-year average makes the byproduct less attractive to domestic feeders relative to corn.
grains.orgJan 17, 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.
