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China's domestic DDGS prices were broadly stable on November 4, with buyers taking a wait-and-see stance. Soymeal prices fell under high inventories and weak demand, with spot soymeal dropping below 3,100 yuan per tonne, while corn prices edged up 1 yuan to an average of 2,212 yuan per tonne.
Falling soymeal narrows the price gap with DDGS, a bearish factor for DDGS as a substitute feed, while firmer corn costs keep ethanol producers holding prices. Expect a narrow short-term DDGS range.
ncp.mysteel.comNov 4, 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.
