Cash corn values were $4.21/bushel this week while FOB ethanol plant DDGS are up again to $145.06/MT. The DDGS/cash corn value is 87 percent, up from last week and below the two-year average of 107 percent.
Market stakeholders report a mostly quiet market this week. DDGS indications for FOB vessel Gulf are down slightly from last week; July delivery is becoming harder to find. Indications for 40-foot containers to Southeast Asia recovered from last week’s drop, increasing $3/MT on average. Merchandisers report continued interest from Indonesia and Vietnam, and new sales to South Korea (August delivery). new sales to Indonesia and continued strong interest from buyers in Vietnam.