Loading…
DDGS prices were varied but generally lower in the week to June 14, 2018, with FOB ethanol plant values down $7/MT as cash soybean meal fell $10/MT. Domestic DDGS became $1.01 per protein unit cheaper than soybean meal, widening their advantage.
Containers CIF Southeast Asia fell about $8/MT on average while FOB U.S. Gulf values slipped.
DDGS trades as a discount substitute for soybean meal, so the drop in soymeal pulled DDGS lower and the wider protein-value gap should support feed demand for DDGS. Feed buyers can expect cheaper DDGS while soymeal stays weak.
grains.orgJun 14, 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.
