Nearby North American delivered DDGS prices were slightly lower this past week, perhaps reflecting the decline in corn values. Continued increases in ethanol production are also creating more coproduct for marketing. Lower transportation costs are yet another factor. Some increase in Mississippi water flows helped lower barge CIF NOLA rates. Plus, there is the benefit of slightly lower U.S. rail rates. Quotes for DDGS delivered Japan were also slightly lower but there were increases in the offers made going into Southeast Asia.
The value of DDGS relative to corn slipped lower this past week to closer to break-even, though the cost per unit of protein for DDGS remains a benefit.