Cash corn values are $3.46/bushel this week while FOB ethanol plant DDGS are up from last week to $155.92/MT. The DDGS/cash corn value is 112 percent, above the two-year average of 107 percent.
DDGS prices were mostly flat to slightly down from this week compared to last for all routes indicated in this report’s DDGS price table. After jumping up last week, U.S. rail markets fell back by $2/MT, on average, for April delivery. FOB vessel U.S. Gulf for April delivery was down $1/MT from last week to $220/MT; merchandisers report that logistics issues on the U.S. river system continue to complicate nearby delivery of product. Note that barge CIF NOLA prices fell the most among all indicated routes this week.
Internationally, 40-foot containers to Southeast Asia (April delivery) were down $1/MT for April delivery, on average.