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The DTN average DDG spot price rose $1 to $102 per ton for the week ended June 22. Some ethanol plants are shutting down or cutting run rates as margins weaken, while buyers rushed to secure feed before the Fourth of July holiday.
Weakening ethanol margins reduce DDG supply, which supports prices, but corn and soymeal weakness suggests DDG prices could ease after the holiday. Reduced ethanol output tightens near-term availability for feed buyers.
dtnpf.comMary KennedyJun 23, 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.
