Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments: Cash corn prices are down slightly across the U.S. this week, as farm sales have picked up on recent futures market strength. Prices for DDGS FOB ethanol plants are down $8.50/MT this week while Kansas City soymeal prices hold steady. DDGS are priced at 120 percent of cash corn values, down from last week and falling from five-year highs of 186 percent. The DDGS/soymeal price ratio is 0.45, down one percent from the prior week and above the three-year average of 0.42.
DDGS prices are mixed this week with Barge CIF NOLA offers down $5/MT for July shipment while July/August FOB NOLA offers are steady/$1 higher. U.S. rail rates are unchanged while values for 40-foot containers for shipment to Southeast Asia are up $3-4/MT. The average offer for containerized DDGS to southeast Asia reached $234/MT for July/August/September shipment.
