DDGS prices are generally up across the board from last week.
There is some market chatter regarding domestic buyers increasing
DDGS in rations; meanwhile, Kansas City soybean meal increased
this week from last. Slowing rail traffic remains a key logistical issue.
Barge CIF NOLA prices are $8/MT higher this week while FOB Gulf
DDGS values are also up $7/MT.
The export market, quiet lately in part due to the Chinese New Year
and Tet Holiday in Vietnam, is reportedly picking back up as buyers
return to their desks. Merchandisers report increased interest from
Asian markets including Indonesia and Vietnam. Prices for 40-foot
containers to Indonesia (Jakarta) and Vietnam (HCMC) are up
modestly this week from last, and on average DDGS destined for
Southeast Asia increased $2/MT this week.