FOB ethanol plant prices are up $7/MT this week amid strong domestic and international demand, coupled with general bullishness in multiple commodity markets. DDGS are valued at 115% of cash corn, up from the prior week and above the three-year average of 109%. Kansas City soymeal values are steady this week with CBOT futures having entered a consolidation phase. DDGS are valued at 42% of Kansas City soymeal, up from last week and equal to the three-year average.
Brokers and exporters report that DDGS for the export market are steady/higher this week, especially for spot positions. Barge CIF NOLA prices are up $3/MT for November and steady for December/January. FOB Gulf offers are up $10/MT for spot positions while deferred offers are up $4-6/MT. U.S. rail rates are generally lower this week while 40-foot containers to Southeast Asia are up $5/MT for spot positions and steady/up $1 for deferred.