DDGS are $3/MT higher this week following last week’s 1.8 percent decline in ethanol production. Corn prices are rising but after the 3.1 percent draw down in ethanol stocks last week there is still a need to supply the market. The DDGS/KC ratio is .53, up slightly from last week’s .52 ratio. And it is higher than the three-year average of .5. The DDGS/cash corn ratio is .99, up slightly from last week’s .98 ratio and below the three-year avg of 1.03. Barge rates, North American rail rates and containers to Southeast Asia were all mostly higher, though FOB Gulf vessel rates declined.
