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A USDA report projects Malaysian DDGS sales could reach up to 80,000 tons, worth $14 million, in 2017-18. Malaysian feed millers see DDGS making up 10-12% of feed formulations as corn and soybean meal costs rise.
Growing Southeast Asian demand for DDGS as a substitute for corn and soymeal could support U.S. DDGS export prices over time, though the volume is modest.
world-grain.comHolly Demaree-SaddlerMay 15, 2017Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
