Corn prices fell on big U.S. supplies and little other news. FOB ethanol plant DDGS values were up slightly to $129.90, their 6th straight week of gains. The DDGS/cash corn value stands at 106 percent of its two-year average.
DDGS at the Gulf fell slightly this week in tandem with falling corn prices and steady ethanol/DDGS production. Prices for 40-ft. containers to SE Asia fell on average $3/MT, with Malaysia seeing the largest decrease and Taiwan mostly steady. U.S. rail rates fell on average $5/MT.
Merchandisers reported sales to Vietnam for September shipment.