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U.S. DDGS exports totaled 11.48 million metric tons in 2016, the second-highest on record and down 10% from 2015. Roughly one-third of U.S. DDGS output was exported, mainly to Mexico and Asia, and FOB plant prices eased to about $102/MT.
Strong export buying from Asia at competitive prices supports DDGS demand, and a possible ethanol slowdown could tighten supply and lift prices.
grains.orgMar 9, 2017Not enough comparable past events yet for a historical read.
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.
