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Cash corn prices were steady in the US, with DDGS prices stabilizing after falling from five-year highs and DDGS at 129 percent of cash corn value. DDGS are firming as supplies tighten and domestic and export demand rise, and barge CIF NOLA rates rose for July shipment.
Tightening DDGS supplies and improving competitiveness in rations support DDGS prices, and a lower DDGS-to-soymeal ratio makes DDGS more attractive to feeders.
grains.orgJun 4, 2020Not 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.
