# Market Perspectives June 8, 2017 - Page 6 of 10 - U.S. Grains & BioProducts Council

> 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.

- Date: 2017-06-08 · published 2017-06-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/70592-market-perspectives-june-8-2017-page-6-of-10-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- DDGS: bullish ▲
- OCEANFRT: bearish ▼

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-june-8-2017/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-june-8-2017/9/

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