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Container DDGS prices to Asian buyers fell, with about $6 per container lost to Southeast Asia and about $22 lost to Japan. Container rates from the US Gulf rose $10 per container, and a forecast Midwest heat wave could rebuild a weather premium in futures.
Ethanol output rose slightly to about 1 million barrels per day, and corn-to-ethanol margins widened.
Lower DDGS export prices weigh on feed co-product values, while higher container freight adds cost to exports and a heat wave could lift corn prices.
grains.orgJul 13, 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.
