Loading…
Cash corn was $3.20/bushel and FOB ethanol plant DDGS rose slightly to $144.30/MT, 9% above its two-year average. U.S. DDGS exports in August 2018 totaled 1,155,961 MT, up 52% year over year, led by Mexico, South Korea, Vietnam, Thailand and Indonesia.
Gulf DDGS prices fell $1 to $183/MT as buyers paused after a container buying run.
Strong export volumes support DDGS demand, but the pause in buying and softer Gulf prices point to limited near-term price upside for feed buyers.
grains.orgOct 11, 2018Not 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.
