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DDGS trading volume was light as sellers defended prices and buyers waited for reductions. Prices were largely flat to slightly lower, though containers bound for Southeast Asia were firmer, and FOB Gulf prices eased slightly.
DDGS were priced at 102 percent of FOB Gulf corn and $2.53 below soymeal on a protein-unit basis.
DDGS remains competitively priced against soymeal and corn, which supports feed demand and limits downside for DDGS prices.
grains.orgDec 15, 2016grains.orgDec 15, 2016Not 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.
