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DDGS merchandisers reported a stronger market in mid-July 2017 despite a post-WASDE selloff in corn, soybeans and soybean meal. Hot Midwest weather slowed ethanol plant output and produced more off-specification product, tightening supply of spec-compliant DDGS.
Tighter spec-compliant DDGS supply and a favorable price ratio versus soybean meal support demand for DDGS in feed rations and export markets. Lower ethanol plant output limits near-term DDGS supply growth.
grains.orgJul 13, 2017Not enough comparable past events yet for a historical read.
After 55 past neutral weather events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -1.7% to +1.5%), and +0.1% over 20.
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.
