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DDGS export markets were firm, with FOB Gulf DDGS steady at $146/MT and buyers interested below $150/MT. Container prices to Southeast Asia were mostly steady, though Japan-bound prices rose $13/MT for April delivery.
Merchandisers noted limited export movement as product went to river markets instead.
Export buyers stepping in below $150/MT suggests a price floor for DDGS, while DDGS-to-corn ratios above 90 percent support pricing. Limited container demand keeps the export outlook mixed.
dtnpf.comMary KennedyMar 17, 2017Not enough comparable past events yet for a historical read.
Not 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.
