Distiller Dried Grains Commodity Markets, Prices & Futures
Use the chart below to check futures prices for distiller dried grains. Click the contract dates for more prices and trends. Cash price reflects the USDA Chicago terminal.
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Latest News From Rough Rice
Dave Chatterton with Strategic Farm Marketing says the markets needs a catalyst like South American weather or demand to find a bottom.
Scott Varilek with Kooima Kooima Varilek says the outside market news has been a factor in cattle but the main catalyst for the selling has been sharply lower cash trade which started breaking early in the week.
Bryan Doherty with Total Farm Marketing says speculative selling is a common theme in the commodity markets.
Chip Nellinger of Blue Reef Agri-Marketing says the soybean complex saw technical selling with funds still holding a sizable long in soybeans and meal.
After watching farmers battle severe lodging this harvest, one agronomist believes a key solution lies in planting 20,000 to 30,000 fewer seeds per acre.
Joe Kooima of Kooima Kooima Varilek says the bounce in cattle isn’t unexpected as Friday’s selloff may have been overdone and with the financial markets seeing a recovery.
Jerry Gulke, president of The Gulke Group, says “If you look at the weekly chart it looks pretty bad. We’re a long way away from the highs set the first part of September.”
The grain markets saw an ugly October with huge losses on fund selling. Brian Grete with CommStock Investments says he’s not sure if the fund selling is done.
Scott Varilek with Kooima Kooima Varilek says the cattle futures rally out of the report was disappointing and did not last long indicating a possible exhaustion on the charts.
Shawn Hackett of Hackett Financial Advisors says with wheat falling nearly $2 off the Sept. 2 contract highs, it isn’t a surprise that China and other buyers would see it as an opportunity to buy.