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DDGS values rose in the week of May 3 as soybean meal climbed, with Kansas City soymeal up $10/MT. DDGS held a $1.92/protein-unit cost advantage over soymeal, and Barge CIF values were up $130/MT.
Issues in Argentina pushed soymeal higher, lifting DDGS values for international buyers, especially for product bound for Japan.
Higher soymeal prices make DDGS more cost-effective in rations, supporting its demand and price. Argentine supply problems also tighten the global protein market.
grains.orgMay 3, 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.
