DDGS Weekly Market Report – August 18, 2022

DDGS prices are steady/$1 higher this week following last week’s rally. Ethanol run rates continue to drift lower, which has helped support DDGS values despite weakness in corn and soymeal futures following the August WASDE report. The DDGS/Kansas City soymeal ratio is up from last week at 0.49 and equal to the three-year average of 0.49. The DDGS/cash corn ratio rose from the prior week to 0.95 but is below the three-year average of 1.07.

Barge CIF NOLA DDGS values are steady/$2 higher while FOB NOLA offers are up $10/MT for spot positions and up $7-9 for Q4 shipment. The DDGS container market remains highly mixed as greater container availability and lower ocean freight rates are combined with stronger international demand. Prices for 40-foot containers into Myanmar are down $20/MT this week while offers into Indonesia and Vietnam are up $17/MT. On average, containerized DDGS to Southeast Asia are up $5 at $388/MT.