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DTN's average DDG spot price rose $4 to $166 per ton for the week ended April 12, with domestic and export markets strengthening on tight supplies. Ethanol output fell 4,000 bpd to 1.034 million bpd.
Export FOB NOLA DDGS rose $10/MT and CIF Southeast Asia gained $12/MT on average.
Tight supply ahead of spring plant maintenance and robust export demand are lifting DDGS values. The DDGS-to-corn ratio at a two-year high encourages export pulls from the Gulf.
dtnpf.comMary KennedyApr 13, 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.
