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At the 22nd Annual Distillers Symposium, the US Grains Council said China remains the biggest obstacle for DDGS exports. China's 2017 anti-dumping duties of 42.2% to 53.7% plus anti-subsidy tariffs effectively ended most shipments, and exports fell to 739,000 metric tons in 2017.
Other markets, including Mexico and Vietnam, are taking more of the product.
Lost Chinese demand caps DDGS prices and pushes exporters toward other buyers, which keeps DDGS values under pressure relative to corn and meal.
dtnpf.comMary KennedyMay 21, 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.
