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The U.S. Grains & BioProducts Council reported that weaker corn futures pressured DDGS bids for the week. Most ethanol plants had sold their June supplies but remained uncovered for late summer, and slow railcar logistics pushed some plants to offer spot product aggressively.
FOB ethanol plant prices fell $1.50/MT, Kansas City soybean meal dropped $3/MT, and June barge CIF NOLA values fell $10/MT.
Lower corn and soymeal values and logistics-driven spot offers push DDGS prices down, while DDGS's protein-cost advantage over soymeal widened, supporting feed demand for the co-product.
grains.orgMay 31, 2018Not enough comparable past events yet for a historical read.
Not 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.
