DDGS Weekly Market Report – July 11, 2019

Cash corn values are steady at $4.21/bushel this week while FOB ethanol plant DDGS are slightly lower at $148.85/MT. The DDGS/cash corn value is 89 percent, down slightly from last week and below the two-year average of 107 percent.

Market stakeholders report that the market was quiet this week with much of the trade waiting for the July WASDE report. Barge CIF NOLA values are slightly lower while DDGS indications for FOB vessel Gulf are down $6/MT for nearby delivery while deferred shipment months are down only $3/MT. Indications for 40-foot containers to Southeast Asia are up $2/MT this week.