# Mysteel Daily: DDGS Prices Adjust Narrowly as Market Remains Cautious (20261104)

> 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.

- Date: 2026-11-04 · published 2026-11-04T18:06:49.130Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/80036-mysteel-daily-ddgs-prices-adjust-narrowly-as-market-remains-cautious-20261104
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

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

## Sources

- ncp.mysteel.com: https://ncp.mysteel.com/a/26110417/9D601D3AFB9760D4.html

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