Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments: Corn prices experienced rangebound trading over the past week, and it was similarly quiet in the DDGS market. FOB ethanol plant DDGS values were down from last week to $134.33, ending a 7-week run of increasing values. The DDGS/cash corn value stands at 117 percent of its two-year average. The latest release of Energy Information Administration (EIA) stats showed a decline in ethanol inventories and increased production rates.
DDGS prices were mostly down from last week, though adjustments were minor as the market moved sideways. DDGS at the Gulf fell $1/MT to $202/MT (September delivery). Prices for 40-ft. containers to SE Asia were down $2/MT on average; containers to Japan fell $6/MT. U.S. rail rates were down $2/MT from last week.
Merchandisers reported sales to Vietnam and Indonesia in an otherwise quiet week.