# Market Perspectives March 30, 2017 - Page 6 of 10 - U.S. Grains & BioProducts Council

> Buyers of DDGS were waiting for softer prices as weather warmed, while sellers defended offers ahead of expected April and May turnarounds, leaving trade quiet and low-volume. FOB Gulf DDGS was pressured lower by $2/MT after Brazilian corn weighed on FOB corn, and DDGS was priced at 41 percent of soybean meal. Container freight to Southeast Asia rose $3/MT.

- Date: 2017-03-30 · published 2017-03-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/72106-market-perspectives-march-30-2017-page-6-of-10-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

DDGS holds a clear per-protein cost advantage over soybean meal, which supports export demand, but weaker corn prices from Brazil cap DDGS values. Buyers are holding back, so prices may soften before spring plant maintenance tightens supply.

## Read by commodity

- CORN: bearish ▼
- DDGS: neutral
- OCEANFRT: bullish ▲

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-march-30-2017/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-march-30-2017/9/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.