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DDGS prices stabilized in the week ending February 23, 2017, as buyers had covered near-term needs and resisted higher offers. Barge CIF NOLA fell $0.50/MT while FOB Gulf rose $1/MT, and container prices to Vietnam and Japan rose for March shipment.
Weekly ethanol output fell 6 million gallons to 304 million.
Soybean meal weakness limits DDGS upside, but tightening equipment and ethanol plant downtime could reduce DDGS supply and support prices, a modest positive for feed buyers.
grains.orgFeb 23, 2017grains.orgFeb 23, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
