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U.S. DDGS prices rose $3 per metric ton on continued end-user demand, while soymeal has eased from recent highs. Cold weather is disrupting barge logistics and raising freight rates, which lifted barge CIF and FOB NOLA DDGS offers.
Container interest into Southeast Asia is growing.
Higher barge freight costs and cold-weather delays support export DDGS prices, and a lower soymeal price keeps the DDGS/soymeal ratio near its three-year average, supporting feeder demand.
grains.orgJan 20, 2022grains.orgJan 20, 2022After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% over 20.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
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.
