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DTN's average weekly spot price for dried distillers grains was unchanged at $92 per ton for the week ended March 30, with five bids up $5 and one down $5 across 39 locations. Merchandisers reported no new DDG demand while ethanol plants kept producing and filling up with product.
CIF NOLA DDGS prices were quoted at $121 to $125 per ton for March.
Ample supply with weak demand keeps domestic DDG prices range-bound, and scheduled plant maintenance is expected to offer only limited support. Feed buyers have cheap alternatives, so price pressure is likely to persist near term.
dtnpf.comMary KennedyMar 31, 2017Not 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.
