Loading…
DDGS prices are 47% below their June 2016 high of $92.5 per short ton as Chinese demand slides. US DDGS imports into China fell 69% year on year in the six months through February after Chinese anti-dumping and countervailing tariffs.
Loss of China as a buyer has pushed US DDGS exports to 10-year lows and cut prices, making DDGS a cheaper protein option for feed buyers. Lower ethanol prices and record stocks could also squeeze producer margins.
biofuelsdigest.comMeghan SappApr 13, 2017Not enough comparable past events yet for a historical read.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
