Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments: Cash corn values were $4.07/bushel this week, up from last week, while FOB ethanol plant DDGS are up slightly to $140.99/MT. The DDGS/cash corn value is 88 percent, down from last week and below the two-year average of 107 percent.
DDGS indications for FOB vessel Gulf are higher this week ($222/MT for July delivery). Indications for 40-foot containers to Southeast Asia decreased $3/MT, on average, Merchandisers report new sales to Indonesia and continued strong interest from buyers in Vietnam. DDGS
U.S. Census Bureau data released by USDA/FAS’ Global Agricultural Trade System detailed strong U.S. DDGS exports during the month of April 2019. Mexico was the top buyer (volume) over the course of the month, purchasing 182,229 MT. Mexico was followed by South Korea (107,488 MT), Vietnam (89,464 MT), Thailand (60,231 MT) and Canada (53,492 MT).
