# Mysteel morning report: DDGS prices may adjust within a narrow range, downstream sentiment cautious (20261103)

> 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.

- Date: 2026-11-03 · published 2026-11-03T01:36:33.495Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/76820-mysteel-morning-report-ddgs-prices-may-adjust-within-a-narrow-range-downstream
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- CORN: neutral
- DDGS: bearish ▼

## Sources

- ncp.mysteel.com: https://ncp.mysteel.com/a/26110308/45F9C461D6F948C1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.