DDGS Weekly Market Report – May 18, 2023

DDGS values are lower this week amid broader commodity market declines. End users are still actively booking product but offers continue to drift lower. The increase in ethanol production last week also helped increase supply availability.

The FOB ethanol plant DDGS/cash corn price ratio is higher this week at 1.13, up from 1.12 last week and still above the three-year average of 1.06. The DDGS/Kansas City soymeal ratio is steady this week at 0.57 and still above the five-year average of 0.50.

Barge CIF NOLA values dropped this week with offers for June falling $12/MT to $275 while FOB NOLA offers are down $10 for June at $284/MT. Offers for 40-foot containers to southeast Asia are down $6/MT at $366 with weaker freight prices and DDGS values keeping product competitive on international markets.