Cash corn prices are steady across the U.S. this week with basis widening slightly to 9 cents under March futures. Prices for DDGS FOB ethanol plants are steady despite an $8/MT move lower in Kansas City soymeal prices. DDGS are priced at 108 percent of cash corn values, steady with last week and slightly above the three-year average. The DDGS/soymeal price ratio is 0.52, up from the prior week and above the three-year average.
DDGS markets mixed this week with Barge CIF NOLA and FOB NOLA offers softening slightly while U.S. rail rates are up $1-4/MT. Demand from buyers in Asia is increasing with noted strength in prices for 40-foot containers to certain destinations. In particular, values for DDGS to Thailand are up $10/MT for March and April shipment while offers for product to Vietnam are up $4-6/MT. On average, DDGS containers to Southeast Asia are up $3-4/MT for March and April shipment, with prices averaging $247/MT.