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DDGS prices held steady in quiet trade ahead of the October 2017 WASDE, then merchandisers reported gains of $2 to 3 per metric ton after the report. Barge CIF NOLA prices were around $162.50/MT and the average FOB Gulf price was $178/MT.
Ocean freight increases of $150 per container were proposed for late October.
DDGS remains priced competitively against soybean meal, which limits buyer urgency despite ample supply. Steady pricing with modest upside after the WASDE suggests little direction for feed costs in the near term.
grains.orgOct 12, 2017grains.orgOct 12, 2017grains.orgOct 12, 2017Not 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.
