On November 13, domestic DDGS prices in China were stable, with downstream buyers working through inventory and purchasing sentiment returning to calm. Mid-market prices were 2060 yuan/t in Heilongjiang, 2200 in Jilin and 2120 in Henan, all unchanged on the day, while the average corn price fell 4 yuan to 2229 yuan/t.
National DDGS inventory stood at 1.3469 million tonnes.
Ample ethanol-plant supply and steady inventory digestion limit upside for DDGS, while softer corn and soymeal prices reduce feed-cost support. Buyers can expect stable to slightly firm prices in the near term with little new demand driver.
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.