Price trend

According to the monitoring data of SunSirs, since July, the terminal demand has turned weak, and the domestic DDGS market has continued to decline. On July 1, the average domestic DDGS market price was 2,873 RMB/ton. On the 26th, the average domestic DDGS market price was 2,743 RMB/ton, down 4.52%.

Analysis review

Since July, the terminal demand has been weak, the domestic DDGS market has weakened, and the price has continued to fall. As of the 26th, the price of domestic DDGS fell to 2,743 RMB/ton, a drop of more than 4.5%. It is in the off-season of terminal aquatic feed demand, the terminal purchase volume is low, the quotation of alcohol factories has declined, and the market has continued to decline. The average domestic DDGS market price was 2,700 RMB/ton around.

The poor performance of the raw material corn and soybean meal market had limited support for DDGS. In addition, the terminal demand was flat, and under the dominance of multiple bears, the domestic DDGS market weakened in July.

Market outlook

The agricultural product analyst of SunSirs believes that the terminal demand is in the off-season, and the negative situation is still there, and the domestic DDGS market is running weakly in the market outlook.

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