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An article on dried distillers grains explains that DDG is a corn ethanol coproduct and that about 45 million tons are produced annually, with 11.2 million tons exported. A statistical analysis finds DDG prices track corn and soybean meal closely, with each 10 cents per bushel in corn adding $2.57 per ton.
DDG prices are tied to corn and soybean meal through substitution, so moves in those feedstuffs pass through to DDG value for feed buyers.
farmprogress.comNov 3, 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.
