Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments: Soymeal values continued their fall this week, pressuring DDGS prices lower once again. With Kansas City soybean meal values dropping, FOB ethanol plant DDGS values retreated as well to $126.70/MT. The DDGS/cash corn value remains in line with its two-year average. DDGS retain a $2.21/protein-unit cost advantage over soybean meal, up from last week.
DDGS prices for CIF NOLA, FOB Gulf, rail delivered PNW, and rail delivered California steadied and showed slight increases this week. Internationally, container routes to Southeast Asia fell on average $5/MT and merchandisers expect renewed buying interest soon.