According to SunSirs monitoring data, after the National Day, the price of domestic DDGS in China has continued to rise and continue to rise. As of October 23, the average market price of domestic DDGS was RMB 2,366/ton, an increase of 5.03% from the beginning of the month.

Bullish support DDGS market remains high

After the National Day, the new season corn has been listed successively, and the reduction in production has become a foregone conclusion. The spot price of corn futures has risen sharply, and the open scale price has increased by RMB 400-500/ton compared with previous years. The price of raw corn is running at a high level, the market for substitute soybean meal is heating up, the purchase of terminal feed plants has increased, supported by multiple bullish factors, and alcohol plants have continuously raised the price of domestic DDGS. The price of DDGS has been rising all the way, with the price exceeding 2,400 yuan/ton.

New season corn DDGS analysts believe that: the price of raw corn continues to be high and the cost is supported, the price of DDGS is still expected to rise in the short term.

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