# Market Perspectives May 12, 2016 - Page 6 of 10 - U.S. Grains & BioProducts Council

> DDGS prices continued higher, with the largest increases at the US Gulf and notable gains at every delivery point. Prices for 40-foot containers delivered to Southeast Asia rose 8.5% and to Shanghai 6.8% in the week. Buyers are returning to China for protein for hog rations after the soymeal rally.

- Date: 2016-05-12 · published 2016-05-12T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/6791-market-perspectives-may-12-2016-page-6-of-10-u-s-grains-and-bioproducts-council
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Renewed Chinese buying of protein feeds lifts export demand for DDGS and soymeal. Higher soybean prices relative to corn may also shift acreage away from corn.

## Read by commodity

- SBM: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-07-26 | [Market Perspectives - July 26, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12413-market-perspectives-july-26-2018-page-7-of-11-u-s-grains-and-bioproducts-council.md) | +2.0% | -2.7% |
| SBM | 2019-12-05 | [Market Perspectives – December 5, 2019 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/9816-market-perspectives-december-5-2019-u-s-grains-and-bioproducts-council.md) | -0.4% | +0.5% |
| SBM | 2018-10-04 | [New U.S.-Mexico-Canada Agreement Preserves Market Access, Improves Trade Logistics To Top U.S. Grain Markets - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/62508-new-u-s-mexico-canada-agreement-preserves-market-access-improves-trade.md) | +1.5% | -0.4% |
| SBM | 2019-04-01 | [Greek Feed Market Hungry for High Quality Protein - U.S. Soybean Export Council](https://feedsoft.ai/events/59708-greek-feed-market-hungry-for-high-quality-protein-u-s-soybean-export-council.md) | +0.5% | -3.0% |
| SBM | 2020-02-13 | [U.S. grains: Soy up on prospects for Chinese demand - AgCanada](https://feedsoft.ai/events/54655-u-s-grains-soy-up-on-prospects-for-chinese-demand-agcanada.md) | +0.4% | +2.4% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-may-12-2016/6/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.