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Elite Octane's new 120 million gallon per year ethanol plant in Iowa started crushing corn in early July, adding about 380,000 tons of DDGS to the regional market. Some plants offered DDGS at a $20/ton discount ahead of the July 4 holiday, when stocks were high and demand low.
The added regional DDGS supply during a seasonal demand lull adds pressure on DDGS prices in the Midwest.
biofuelsdigest.comMeghan SappJul 4, 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.
