While some may associate the summer with dry spells, for the US dried distillers grains (DDGS) market, the dry spell has come in the fall.
Numerous sources have said that China, the world’s No. 1 importer of DDGS, has stopped purchasing the ethanol byproduct in recent months after buying heavily earlier in the year. That assertion is backed up by data from the US Department of Agriculture. According the USDA, DDGS exports peaked in May at $252.016 million, fell off slightly in July, then cratered in August.