DDGS Weekly Market Report – July 29, 2021

U.S. DDGS prices are $8/MT higher than last week’s values amid a widespread uptick in feedstuff and commodity prices. Ethanol production has fallen for two consecutive weeks now, which is also supporting DDGS values. Kansas City soymeal prices are up $2/MT this week and the DDGS/Kansas City soymeal ratio is up from last week at 0.47. The DDGS/cash corn ratio is also higher this week at 0.74, up from 0.68 last week and the three-year average of 1.12.

Export demand for DDGS remains steady with solid domestic demand underpinning values even as international buyers navigate rising freight rates. Barge CIF NOLA offers are up $8/MT for spot position and $12/MT for September/October while FOB Gulf prices are up $6/MT for August and steady/up $3 for fall shipments. Continued tightness in the container market is supporting prices for DDGS shipped via 40-foot containers to Southeast Asia. Offers are $8-12/MT higher this week averaging $319/MT for spot shipment and $322/MT for deferred positions.