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DTN Weekly Distillers Grains Update
Cheryl Anderson DTN Staff Reporter
Mon Oct 7, 2013 11:07 AM CDT

Spot prices of dried distillers grains have been falling in recent weeks and will continue their downward motion as harvest continues.

The DTN weekly spot prices average fell a sizeable $16 in the previous three weeks, from $224 per ton to $208, reaching the lowest level the average has hit since late March 2012.

Cheaper new-crop corn will soon be hitting ethanol plants, according to Steve Knier, merchandiser for U.S. Commodities in Minneapolis. Even if plants haven't actually bought new-crop corn yet, lower price contracts are coming up. This is helping the transition from old-crop corn to new crop, as ...

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