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DDGS prices rose this week as tighter ethanol margins and new freight alliances created pricing opportunities. Merchandisers reported quiet export demand, with bids $5-8/MT below asking prices.
DDGS remained cheap relative to corn and soybean meal.
DDGS's low value versus corn and soybean meal could support further buying and firmer prices, though weak export demand limits gains.
grains.orgMay 11, 2017Not 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.
