According to SunSirs monitoring, June's overall weak DDGS was mainly due to a downward trend. The price dropped sharply at the beginning of the month, and stabilized in the middle of the month. The price rebounded at the end of the month. Due to the large decline at the beginning of the month, the overall DDGS still fell. At the beginning of the month, the average price of the DDGS market was 2,056 yuan/ton. At the end of the month, the average price of the DDGS market was 2,030 yuan/ton, and the price fell by 1.3%.

Soybean meal market dragged down, DDGS continued to decline at the beginning of the month

Since June, the profit of the terminal aquaculture industry has shrunk, feed demand has been weak, feed manufacturers have purchased on demand, and the price of substitute soybean meal has continued to fall, which has a limited boosting effect. The overall price of DDGS fell weakly. At the beginning of the month, Jilin Dongfeng Hualiang Biochemical DDGS offered 1,920 yuan/ton, and the price dropped by 50 yuan/ton. The price of Heyang Alcohol DDGS was 1,980 yuan/ton, the price dropped by 100 yuan/ton.

Corn auction volume and price are high, DDGS prices rebounded at the end of the month

In June, the State Reserve Corn conducted five auctions. The auction volume and price were high and the premium was high. The corn stocks of deep-processing enterprises were low. The main traders actively participated in grabbing grains. Under the support of raw corn, DDGS prices ushered in a rebound, the overall price rose 1.16%.

SunSirs agricultural product analysts believe that the price of raw corn is near the top, and there is limited room for increase, which is insufficient to support the price increase of DDGS. Soybean meal is not performing well. If the hype of the weather in the future market reappears, DDGS is expected to usher in July.

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