# Mysteel Daily: DDGS prices consolidate with range-bound adjustment, downstream buyers purchase on demand (20261103)

> 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.

- Date: 2026-11-03 · published 2026-11-03T12:06:22.212Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/77499-mysteel-daily-ddgs-prices-consolidate-with-range-bound-adjustment-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

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.

## Read by commodity

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

## Sources

- ncp.mysteel.com: https://ncp.mysteel.com/a/26110317/91F7B43829FAF450.html

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