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DDGS prices rose the week of May 10, with FOB ethanol plant values up $4/MT even as soybean meal fell. Kansas City soymeal dropped $13/MT, reducing DDGS's per-protein cost advantage to $1.48.
Asian buyers were still expecting lower prices, while exporters reported firm prices in Asia and Barge CIF NOLA values eased from the prior week's gain.
DDGS firmness despite cheaper soymeal reflects solid export demand in Asia, while falling soymeal reduces the relative value of DDGS as a protein source.
grains.orgMay 10, 2018grains.orgMay 10, 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.
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.
