Cash corn prices are lower across the U.S. this week, averaging $3.92/bushel while FOB ethanol plant DDGS prices are down $2.50/MT at $144.50/MT. DDGS are priced at 94 percent of cash corn values, up from last week but below the two-year average of 107 percent. Soymeal prices are lower as well, reaching $339/MT this week, which puts DDGS prices at 43 percent of soymeal.
Prices for DDGS CIF NOLA barge and FOB U.S. Gulf are lower this week as improving Mississippi River conditions have allowed once-trapped barges to move downriver to the Gulf. Merchandisers report that Gulf capacity is tight and that is keeping asking prices competitive. Exporters note that international demand is somewhat quieter this week and that the CBOT selloff in corn and soybean meal futures has influenced DDGS as well. FOB NOLA price indications were last quoted at $200/MT while 40-foot containers CNF Southeast Asia were steady this week at $236/MT.