Cash corn prices slightly weaker across the U.S. this week with basis widening to 25 cents under March futures. Prices for DDGS FOB ethanol plants are $1.20/MT higher this week despite a $2.40/MT decrease in Kansas City soymeal prices. DDGS are priced at 111 percent of cash corn values, up from last week and above the three-year average. The DDGS/soymeal price ratio is 0.46, even with the prior week and above the three-year average.
The U.S. DDGS market is quiet this week with Barge CIF NOLA and FOB NOLA offers $1-2/MT higher. DDGS rail-delivered to the PNW are up $3/MT this week for December shipment and up $1/MT for January/February. Prices for containers to Southeast Asia are mostly higher this week, with offers $2/MT higher than last week for spot shipment and up $1/MT for deferred positions. The average price for 40-foot containers to Southeast Asia reached $244/MT for December and $243/MT for January/February.