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Cash corn was up slightly, with basis at 26 cents under September futures. DDGS prices fell $1.50 per tonne at ethanol plants and Kansas City soymeal fell $1.30 per tonne, leaving DDGS at 117 percent of corn value, down from five-year highs of 186 percent.
A rebuilding DDGS supply pipeline is pressuring prices, though seasonal export availability in July and August could support Southeast Asian demand; weaker DDGS relative to corn lowers feed-cost value.
grains.orgJun 18, 2020grains.orgJun 18, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
