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DDGS prices were higher for nearly all origins and destinations, as buyers scrambled to buy ahead of the ethanol industry's spring maintenance period. FOB ethanol plant DDGS held steady at $164/MT, barge CIF NOLA rose $15/MT, and Southeast Asia CIF increased $7/MT to $240/MT.
Seasonal ethanol plant maintenance will cut near-term DDGS supply, reinforcing firm prices. Export demand from Southeast Asia adds to the upward pressure.
grains.orgApr 5, 2018Not 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.
