Loading…
DDGS offers were lowered to move more product, and FOB ethanol plant DDGS prices declined. Barge CIF NOLA and FOB Gulf DDGS values fell in line with lower corn and soymeal, and containerized prices to Southeast Asia also dropped.
DDGS priced at 136% of corn values, which signals solid demand.
Lower DDGS prices improve their cost advantage over soymeal, which can support feed-buyer demand even as export values soften.
grains.orgJun 21, 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.
