Cash corn values are $3.38/bushel this week while FOB ethanol plant DDGS are down slightly from last week. The DDGS/cash corn value is 112 percent, above the two-year average of 107 percent.
FOB vessel U.S. Gulf for April delivery is at $224/MT, as barge logistics remain challenging. Better weather in the coming weeks should help push more product volume to the Gulf. U.S. rail rates were unchanged for nearby delivery.
Internationally, 40-foot containers to Southeast Asia (March delivery) were down $5/MT for March delivery, on average. Merchandisers have reported some volatility in prices as global buyers interpret macroeconomic and trade policy news. Meanwhile, multiple sales to Vietnam were reported.