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DDGS prices were unchanged and the market found equilibrium, with Barge CIF NOLA rates flat near $135-136/MT and Chicago prices in a $128-131/MT range. Southeast Asian buyers were active but few trades were reported, and container prices to Southeast Asia were flat at $176/MT FOB for May.
Flat DDGS prices and few trades signal balanced supply and demand, leaving feed buyers little price pressure either way. Cold weather may briefly lift feed demand.
grains.orgMay 4, 2017grains.orgMay 4, 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.
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.
