Mysteel reports that domestic corn-ethanol DDGS prices may move narrowly as downstream buyers wait and see, with feed farms losing money and trade thin amid high inventories and weak demand. High-fat DDGS in Heilongjiang, Jilin and Henan traded at 2000-2240 yuan per ton on November 2.
Weak livestock margins and high inventories keep DDGS demand subdued, so prices are likely to stay flat to soft, with corn and soymeal price moves providing only limited support.
Not 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.