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Expanding grain-based ethanol production in India is increasing supply of DDGS, which industry experts say have replaced an average of about 25% of conventional soybean meal at organized compound feed mills. Substitution rates vary across feed segments, with DDGS priced well below soybean meal per kilogram.
Cheaper DDGS substituting for soybean meal reduces feed-mill demand for soymeal in India, a bearish factor for soybean meal prices, while supporting DDGS demand and lowering feed costs for buyers.
ukragroconsult.comNov 13, 2026After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.
