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On November 3, domestic DDGS prices were broadly stable with range-bound adjustments; Henan transactions were negotiated and some Northeast ethanol plants raised prices slightly. Corn averaged 2,211 yuan/t, up 5 yuan/t, while soymeal spot prices were weak at 3,100-3,150 yuan/t on the coast with inventories near 1.4 million tonnes.
Rising corn costs are squeezing ethanol margins, which supports DDGS offer prices, but weak soymeal and cautious downstream buyers cap gains. Expect DDGS to trade within a narrow range this week of roughly 30-50 yuan/t movement.
ncp.mysteel.comNov 3, 2026Not 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.
