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Cash corn rose from the previous week to $3.19 per bushel, while FOB ethanol-plant DDGS values slipped to $144.30 per metric ton. DDGS at the Gulf fell $4 to $186 per metric ton, and container prices to Southeast Asia and Vietnam eased slightly for October delivery.
Domestic demand is keeping much of the product in-country.
Slightly softer export DDGS offers, with corn firmer, leave the DDGS-to-corn value relatively high, which may limit feed buyers' incentive to switch. Analysts expect international demand to eventually lift DDGS in line with corn futures.
grains.orgSep 27, 2018Not 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.
