Market Perspectives – June 10, 2021

Distiller’s Dried Grains with Solubles (DDGS)

DDGS Comments:  U.S. DDGS prices are $2/MT lower this week as ethanol production continues to increase. The DDGS/cash corn ratio is 0.83 this week, down from the prior week and below the three-year average of 1.13. The DDGS/Kansas City soymeal ratio is steady with the prior week at 0.55 and above the three-year average of 0.46.

On the export front, DDGS prices are mixed this week with bulk prices mostly steady while container rates are weaker. Barge CIF NOLA prices up $3-5/MT while FOB Gulf offers are steady/down $5/MT at $269/MT for spot shipment. Prices for 40-foot containers to Southeast Asia are down $14/MT with offers averaging $335/MT this week.