Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments: Cash corn values are $3.25/bushel this week while FOB ethanol plant DDGS are $145.21/MT, up from last week. The DDGS/cash corn value is 113 percent, above the two-year average of 106 percent.
The market remained quiet this week, with a few inquiries from Asian buyers reported. Indications for November delivery of 40-foot containers to Southeast Asia are unchanged this week from last week’s figure. Overall, Taiwan saw the largest increase (+$3/MT). At the U.S. Gulf, indications for November delivery were up $2/MT while U.S. rail rates fell slightly.