U.S. DDGS prices are trending lower amid larger ethanol production and weakness in corn and soymeal markets. Domestic DDGS values are down $7-10/MT this week while Kansas City soymeal values have fallen $30/MT. The DDGS/cash corn ratio is 0.74 this week, up from the prior week and below the three-year average of 1.13. The DDGS/Kansas City soymeal ratio is steady with last week at 0.48 and above the three-year average of 0.46.
DDGS values on the export market are giving back some of last week’s gains and exporters report quiet international interest this week due to Monday’s U.S. holiday. Barge CIF NOLA rates are down $30-36/MT for spot positions while FOB Gulf offers are down $35-40/MT. Offers for 40-foot containers to Southeast Asia are finding better support this week, however, down just $2/MT on average at $307/MT.