Loading…
Midwest DDG spot prices have fallen nearly 50 percent from last June's peak to the lowest level for this time of year in a decade. The U.S. Grains Council says Chinese anti-dumping and countervailing duties imposed last September are squeezing U.S. DDG demand.
Higher ethanol output has also reduced DDG value.
China's duties cut a key export market for DDGS, pushing domestic prices lower and making U.S. DDGS cheaper feed for buyers; improved US-China relations could help recovery.
brownfieldagnews.comMark DorenkampApr 21, 2017
bloomberg.comMegan Durisin Albery, Mario ParkerApr 13, 2017
farmprogress.comBloombergApr 17, 2017Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
