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DDGS exports had a near-record 2016, totaling 11.48 million metric tons, the second highest on record and down 10 percent from 2015. Mexico and several Asian countries were the main buyers, and about one in three US DDGS tons was exported.
FOB Gulf DDGS was $145/MT, down $3, and DDGS held a $1.77 per protein-unit advantage over soybean meal.
Strong export demand and DDGS's price advantage over soybean meal support domestic values, and a possible turnaround in prices may come as ethanol output slows. Export buyers in Asia continue to favor US product.
biodieselmagazine.comMar 8, 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.
