U.S. DDGS prices are higher this week after following the corn and soymeal markets’ respective rallies. FOB ethanol plant prices are up $8.50/MT this week and average $203/MT. Kansas City soymeal prices have also rallied on the continued lysine shortage and are up $9.30 from last week’s values. The DDGS/soymeal ratio is at 0.42 this week, down from 0.47 last week and below the three-year average of 0.47. The DDGS/cash corn ratio is at 0.87 this week, up from 0.83 the prior week but below the three-year average of 1.07.
DDGS markets are expectedly quiet this week with many traders taking the week off between the Christmas and New Years holidays. Indications are that Barge CIF NOLA and FOB NOLA offers are up $10-16/MT for January positions, however, and up $7-10/MT for deferred shipments. Indications for 40-foot containers to Southeast Asia are spotty this week but up $9/MT at $360-365/MT for Q1 shipment.