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USDA's Prospective Plantings report pushed DDGS asking prices higher in sympathy with corn. Barge CIF NOLA rose $2/MT and FOB NOLA rose $6/MT week over week, and international DDGS offers to Southeast Asia gained $2/MT, led by Japan, Indonesia and Malaysia.
Higher corn values and firmer hog-sector demand from the Hogs and Pigs report support DDGS prices, and DDGS's cost advantage over soybean meal widened, which should lift feed-buyer demand for DDGS.
grains.orgMar 29, 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.
