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The U.S. Grains Council's weekly report put FOB ethanol plant DDGS at $146.77/MT, up slightly from the prior week, with cash corn at $3.34/bushel. Prices rose on Southeast Asian demand and stronger domestic feeding, and U.S. Gulf indications for December delivery reached $204/MT, up for a third straight week.
Rising Gulf and FOB DDGS prices signal firmer export demand from Southeast Asia, which supports DDGS values for feed buyers. Higher rail rates add to delivered costs.
grains.orgNov 15, 2018grains.orgNov 15, 2018Not 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.
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.
