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Kansas City soybean meal fell again in the week to July 5, and FOB ethanol plant DDGS dropped to $134/MT. U.S. Gulf DDGS prices corrected lower as cash corn eased, and international buyer activity was quiet, with steady containers to Southeast Asia.
Falling soymeal and quiet export demand weigh on DDGS prices, and DDGS's protein-cost advantage over soymeal remains a support for feed buyers.
grains.orgJul 5, 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.
Weekly report to July 5 shows Kansas City soybean meal falling again, confirming the soft market backdrop, though it describes the move rather than explaining a 3.5% single-day rise.
