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DTN's weekly survey put average DDG spot prices slightly lower at $133 per ton for the week ended October 4. Maintenance shutdowns at ethanol plants kept supply in balance with demand, and US DDGS exports in August rose 52% year over year to 1,155,961 MT.
Strong August export volumes and balanced supply support DDG values. Shutdowns limit output, keeping prices range-bound for feed buyers.
dtnpf.comMary KennedyOct 5, 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.
