Cash corn values are $3.42/bushel this week while FOB ethanol plant DDGS are $174.09/MT, steady with last week. The DDGS/cash corn value is 129 percent, above the two-year average of 107 percent. Merchandisers report only limited trading amid the typically quiet holiday season. Market activity is expected to pick back up going into next week.
DDGS indications this week are mixed compared to the prices reported in the December 20, 2018 edition of the DDGS report. DDGS at the U.S. Gulf are at $226/MT for January 2019 delivery and decreasing into the deferred months. On average, 40-foot containers to Southeast Asian destinations were down $1/MT this week from the last reported price series. U.S. rail freight is down as well.