Cash corn prices are 6 cents/bushel lower across the U.S. this week with basis slightly weaker under early harvest pressure. Prices for DDGS FOB ethanol plants are up $/1MT with Kansas City soymeal prices falling $8.75/MT. DDGS are priced at 106 percent of cash corn values, steady with last week and equal to the three-year average. The DDGS/soymeal price ratio is 0.44, up from last week and slightly above the three-year average.
Barge CIF NOLA prices are $2/MT this week while FOB Gulf offers are steady-to-$2/MT higher. Rates for DDGS delivered via rail to the PNW are $8/MT lower this week as logistics recover from last week’s winter storm. Prices for 40-foot containers to Southeast Asia are $5/MT higher this week for October shipment and $4/MT higher for November/December shipment.