Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments: Cash corn values are $3.37/bushel this week while FOB ethanol plant DDGS are mostly unchanged from last week to $149.75/MT. The DDGS/cash corn value is 113 percent, above the two-year average of 107 percent.
DDGS prices are unchanged to down this week compared to last week. FOB vessel U.S. Gulf for April delivery is at $218/MT, down from last week. In part, lower liquidity as a result of challenging river logistics supported values from dropping further. Internationally, 40-foot containers to Southeast Asia (March delivery) were down $2/MT for April delivery, on average. Values for the Philippines were unchanged while values to Indonesia, Malaysia and Thailand fell.
Merchandisers reported sales to Vietnam, Thailand and Indonesia this week.
