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DDGS prices lacked clear direction in the week, with FOB ethanol plant values up $2/MT after a slump in ethanol output. Cash soybean meal fell $6/MT, adding pressure on DDGS.
Southeast Asia CIF prices rose about $2/MT on average, with Taiwan up $4/MT.
Lower soymeal and a modest ethanol-driven supply tightening leave DDGS prices range-bound. Asian demand strength is a supportive factor for export-oriented pricing.
grains.orgApr 19, 2018grains.orgApr 19, 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.
