DDGS

DDGS prices have been on a steady decline since last April. Prices appear to have made a near term bottom last October when values fell to 75% of corn, on a per ton basis. Stretching back to the beginning of 2007, DDGS have, on average, traded at a value of 86% the price of corn. There has been significant volatility in values since the drought of 2012. Chinese growth demand and GMO policy issues have also created both opportunities and…