DDGS prices are higher this week in continuation of their recent trend. The downturn in domestic soybean meal prices paused the recent climb in FOB ethanol plant price, however, with DDGS values falling 33 cents to $161/MT. Kansas City soybean meal values fell this week, narrowing the per-protein unit cost advantage of DDGS to $1.73.
Barge CIF NOLA and FOB NOLA DDGS values are higher this week as the recent logistics issues clear. Both prices are $4/MT higher while rail-delivered PNW prices fell an equal amount.
Exporters’ asking prices are higher this week which has foreign buyers mostly “kicking the tires”, according to U.S. merchandisers. Some sales to Southeast Asia has been completed, but only with modest volume. Traded prices (CIF Southeast Asia) for April shipments are steady this week, averaging $232/MT, while prices for May/June are $2/MT higher. Prices for product destined for Myanmar and Bangladesh had the highest increase this week, rising $4 and $6/MT, respectively, for May shipment.