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The U.S. Grains Council reported DDGS prices rose last week in the Midwest, helped by strong truck demand and a cold snap that lifted feed demand. Gulf and Pacific Northwest prices gained slightly, and buyers in Southeast Asia and China were covering February to April positions.
Improved demand and expected tighter ethanol margins could reduce DDGS supply, supporting prices after a period of weakness. Soybean meal's rally also lends support, as DDGS priced lower per protein unit than soymeal.
feedstuffs.comJan 24, 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.
