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The USDA announced that Vietnam will resume imports of U.S. distillers dried grains with solubles (DDGS) after suspending them in December 2016 over a reported pest detection. Vietnam will accept fumigation with phosphine as a treatment, according to the Vietnamese plant protection department.
Reopening a top former DDGS market adds container demand for U.S. ethanol coproducts, which supports DDGS prices and plant margins. Buyers should expect firmer DDGS offers while export volumes rebuild.
apnews.comSep 7, 2017Not 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.
