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DDGS demand picked up after China's tariff uncertainty was resolved, with Korean and other Asian buyers appearing. Domestic DDGS prices were lower at the Gulf, while the forward curve for shipments is positively sloped.
Resolved tariff uncertainty and firming forward prices suggest improved export demand for DDGS, supporting feed prices and cost-competitiveness versus soybean meal.
grains.orgJan 12, 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.
