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Higher corn and soybean meal values lifted DDGS prices during the week, with FOB Gulf prices up $2-6/MT and Barge CIF New Orleans rates up $3-7/MT. Foreign buyers are active but bidding $5-10/MT below asking prices, and DDGS remains priced at 90% of corn and 44% of soybean meal.
Firmer corn and meal values support DDGS prices and narrow the feed-value gap with soybean meal, which can raise domestic feed demand. Continued corn gains would help close the bid-ask spread, but the market remains reliant on grain price direction.
grains.orgJun 8, 2017grains.orgJun 8, 2017Not 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.
