# Market Perspectives February 23, 2017 - Page 6 of 10 - U.S. Grains & BioProducts Council

> 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.

- Date: 2017-02-23 · published 2017-02-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/72479-market-perspectives-february-23-2017-page-6-of-10-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- CORN: bullish ▲
- DDGS: neutral
- BARGE: neutral
- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-february-23-2017/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-february-23-2017/9/

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