DDGS prices are $5-7/MT higher this week as last week’s turnaround in the market continues to find buying support. The higher pricing came despite an increase in ethanol output last week, which signals that end-user demand is growing. The DDGS/Kansas City soymeal ratio was up from last week at 0.50 and above the three-year average of 0.49. The DDGS/cash corn ratio was up from the prior week at 0.96 an
On the export market, barge availability is increasing, which pushed Barge CIF NOLA offers lower this week with spot positions trading below $300/MT. FOB Gulf offers are down $20/MT for August but are finding better strength in September and further deferred positions. U.S. rail rates are steady/$2 higher this week as the domestic market tightens. Offers for 40-foot containers to Southeast Asia are down $1-2/MT this week as freight values continue to slip lower.