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DDGS prices were predominantly higher in the week, with Chicago steady, CIF NOLA barge values up $2.25/MT and Gulf FOB prices firmer. Ethanol output was steady, leaving near-term supply essentially unchanged.
Savannah prices were firm, while international buyers were reluctant to chase higher prices.
Steady supply and firmer Gulf and barge prices support DDGS values. DDGS's improved value against soybean meal may pull more of the co-product into domestic feed rations.
grains.orgJan 25, 2018grains.orgJan 25, 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.
