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The U.S. Grains Council reported DDGS prices firmer the week of February 15 as soybean meal rose $42/MT in Kansas City. Barge CIF NOLA rose $8/MT and FOB Gulf DDGS rose $9/MT, while Asian buyers showed only light interest at current prices.
DDGS gained value relative to soymeal as meal rallied, supporting feed demand. Light Asian buying limits upside from export demand.
grains.orgFeb 15, 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.
