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DDGS export prices were steady to lower as corn market weakness reduced forward contracting interest, with Asian demand quiet. Barge CIF NOLA rates rose on Mississippi River transportation problems, with October barges to NOLA at $161/MT.
Domestic DDGS prices held steady as ethanol output increased.
Higher barge freight to the Gulf raises delivered costs for DDGS and widens the basis, which lowers net returns to exporters and weighs on feed prices.
grains.orgOct 5, 2017Not 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.
