On November 2, Shandong Yingxuan Industrial Co. cut its ex-works price for high-fat DDGS to 1,200 yuan per tonne, with trades negotiated case by case. The plant is running, with daily high-fat DDGS output of about 200 tonnes.
The producer is cutting prices to win orders, and market shipments are weak.
Price cuts and weak shipments at a major Chinese DDGS producer point to ample feed supply and soft demand for this corn co-product, which weighs on DDGS prices in China and can pull on substitute feed prices.
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.