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The average DTN spot price for distillers dried grains was $171 per ton for the week ended May 31, 2018, $1 weaker than the prior week. Merchandisers reported quiet trading after Memorial Day, and CIF NOLA values were flat to weaker under pressure from lower soymeal and corn.
Slow railcar logistics left some plants short of storage, and barge CIF NOLA prices for June shipments were $10/MT lower.
Rail constraints forcing plants to sell aggressively add downward pressure on DDGS, and weaker soymeal and corn reinforce the decline. Buyers may find DDGS cheaper near term, though its protein-value advantage over soymeal persists.
dtnpf.comMary KennedyJun 1, 2018Not enough comparable past events yet for a historical read.
After 34 past bearish logistics events, Soybean Meal moved a median +0.4% over 5 sessions (53% higher; middle half -1.8% to +2.6%), and -1.2% over 20.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
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.
