DDGS Weekly Market Report – March 2, 2023

DDGS values are ~$3/MT lower this week as corn and soybean values soften. Soymeal is down $7.70/MT thus far in this trading week and the DDGS/Kansas City soymeal ratio is at 0.51, the same as last week (3-year average is .50). The DDGS/cash corn ratio is 1.16; last week was 1.14 (3-year average is 1.06).

Barge CIF NOLA offers are $7-8 lower this week, while FOB NOLA offers are lower for both spot and deferred positions. Offers for 40-foot containers to Southeast Asia are $1-2 higher for spot March but $2.50 lower for the