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DDGS prices were mixed in the week, with buyers resisting higher prices while sellers held offers on some routes. FOB ethanol plant DDGS rose $2/MT alongside a $3/MT gain in Kansas City soybean meal, while barge CIF NOLA fell $4/MT for nearby shipment.
Southeast Asia CIF prices dropped $2/MT as foreign buyers grew frustrated with high DDGS prices.
Firm soybean meal is supporting DDGS values, but resistance from overseas buyers signals limits on further export-led upside. Feed buyers face a DDGS cost advantage versus soymeal that is holding demand in domestic rations.
grains.orgApr 26, 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.
