Loading…
Turkish importers are struggling to secure letters of credit needed to buy US DDGS amid a deepening US-Turkey trade dispute. The New Orleans DDGS market plunged last week on the Turkish lira's collapse, which fell 23% in five days.
Turkey is the second-largest destination for US DDGS, so payment barriers and currency losses reduce export demand and pressure Gulf DDGS prices lower.
library.iccwbo.orgAug 20, 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.
