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DDGS prices were predominantly higher in the week, with CIF NOLA barge values up $2.25/MT and FOB Gulf prices also firmer while Chicago held steady. Ethanol output was unchanged, leaving near-term supply essentially flat.
DDGS priced at 45 percent of Kansas City soybean meal, a ratio that fell 3 percent as soymeal rallied.
DDGS became roughly $0.98 per protein unit cheaper than soybean meal, which should pull more of the coproduct into domestic feed rations and support DDGS prices. Firm Savannah and Southeast Asia container prices point to steady export demand, though reluctant international buyers limit upside.
grains.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.
