A China Feed Industry Information Network analysis published November 13 says the DDGS price decline has largely ended and the market is moving into a steady-to-firm, narrow upward phase. Corn price increases and mill price support are the main supports, with the expected weekly average around 2150-2200 yuan/t.
Abundant supply is expected to cap any rebound.
Higher corn prices raise DDGS replacement value and mills are holding prices, which supports DDGS for feed buyers. Ample supply will limit the size of any rally, so gains should stay modest.
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.