Cash corn prices are lower across the U.S. this week with basis widening slightly to 22 cents under September futures (-22U). Prices for DDGS FOB ethanol plants are down $3.00/MT this week while Kansas City soymeal prices are steady at $315/MT. DDGS are priced at 110 percent of cash corn values, down from the prior week and above the five-year average ratio of 109 percent. The DDGS/soymeal price ratio is 0.42, below the prior week and equal to the three-year average.
While FOB ethanol plant DDGS prices are lower, values for product at other points are mixed. Barge CIF NOLA values are steady/$4/MT higher and rates for DDGS delivered via railcar to U.S. locations range from $3 lower to $6/MT higher. FOB Gulf values are $4/MT higher for August shipment and up $3 for September/October. Finally, offers for 40-foot containers to Southeast Asia are down $1-2/MT, averaging $234/MT for spot shipment.