Cash corn prices are steady across the U.S. this week, with basis moving 2 cents/bushel higher. Prices for DDGS FOB ethanol plants are down $8/MT while Kansas City soymeal prices are down $5/MT with spot futures having made new contract lows this week. DDGS are priced at 141 percent of cash corn values, down from last week and falling from five-year highs. The DDGS/soymeal price ratio is 0.51, down from the prior week and above the three-year average of 0.42.
DDGS prices are slightly lower this week with trading activity remaining light. Barge CIF NOLA values are down $5/MT while FOB NOLA offers are down $3/MT at $205/MT for spot shipment. U.S. rail rates are slightly weaker as well while prices 40-foot containers to Southeast Asia are down $7-10/MT. The average offer for containerized DDGS CNF Southeast Asia hit $251/MT for June positions and $255 for July/August.