Cash corn prices are mostly unchanged across the U.S. this week with basis slightly weaker as futures prices rallied early this week. Prices for DDGS FOB ethanol plants are $2.70/MT higher this week following a $18/MT increase in Kansas City soymeal prices. DDGS are priced at 109 percent of cash corn values, up from last week and above the three-year average. The DDGS/soymeal price ratio is 0.46, down from 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 lower in sympathy with falling transportation costs. DDGS rail-delivered to the PNW are down $1-2/MT this week with merchandisers citing better rail rates. Internationally, exporters cite strong demand for U.S. feedstuffs from Southeast Asia. Containerized DDGS delivered to Southeast Asia are $2-4/MT higher this week and are averaging $243/MT for December shipment.