DTN Weekly Average DDG Price Higher


DTN Refined Fuels reported ADM announced on April 1 they were planning to restart production at Vantage Corn Processors dry mills in Cedar Rapids, Iowa, and Columbus, Nebraska, in part due to stronger demand for domestic ethanol.

“We’ve been carefully monitoring a wide variety of industry ethanol conditions, and in recent weeks, we’ve seen consistent signs point to accelerating demand for domestic ethanol. Inventories across the industry are steadily coming down, China is importing volumes, we continue to expect driving miles to increase as the pace of vaccinations accelerates, and the EPA’s support of a strong Renewable Fuel Standard is helping drive great blending economics,” the statement read.

ADM said it would begin corn grind immediately with initial ethanol deliveries for customers by mid-April and ramp-up to full rates by late spring to meet spring and summer driving season demand.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended March 31 was 110.16% versus the five-year average of 109%. The value of DDG relative to soybean meal was 52.46% versus the three-year average of 42%. The cost per unit of protein for DDG was $8.22, compared to the cost per unit of protein for soybean meal at $8.91.

NOTE: All prices listed below can change at any time and are subject to confirmation from seller.

ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 3/31/2021 3/25/2021
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $225 $225 $0
Wet $113 $113 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $220 $220 $0
Wet $110 $110 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $225 $205 $20
Indiana Dry $225 $210 $15
Iowa Dry $220 $208 $12
Michigan Dry $225 $208 $17
Minnesota Dry $220 $200 $20
North Dakota Dry $220 $200 $20
New York Dry $250 $225 $25
South Dakota Dry $220 $200 $20
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $235 $215 $20
Iowa Dry $225 $205 $20
Michigan Dry $230 $210 $20
Minnesota Dry $225 $205 $20
Missouri Dry $255 $230 $25
Ohio Dry $230 $210 $20
South Dakota Dry $225 $205 $20
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $230 $230 $0
Wet $85 $85 $0
Illinois Dry $227 $215 $12
Nebraska Dry $230 $230 $0
Wet $85 $85 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $215 $205 $10
Indiana Dry $215 $205 $10
Iowa Dry $205 $200 $5
Michigan Dry $210 $210 $0
Minnesota Dry $210 $205 $5
Nebraska Dry $210 $225 -$15
New York Dry $240 $240 $0
North Dakota Dry $210 $210 $0
Ohio Dry $210 $210 $0
South Dakota Dry $200 $200 $0
Wisconsin Dry $205 $200 $5
Valero Energy Corp, San Antonio, Texas
Indiana Dry $230 $200 $30
Iowa Dry $0 $0 $0
Minnesota Dry $0 $0 $0
Nebraska Dry $0 $0 $0
Ohio Dry $240 $210 $30
South Dakota Dry $0 $0 $0
California Dry $0 $0 $0
Western Milling, Goshen, California (559-302-1074)
California Dry $285 $279 $6
*Prices listed per ton.
Weekly Average $222 $210 $12
The weekly average prices above reflect only those companies DTN
collects spot prices from. States include: Missouri, Iowa, Nebraska,
Kansas, Illinois, Minnesota, North Dakota, South Dakota, Michigan,
Wisconsin and Indiana. Prices for Pennsylvania, New York and
California are not included in the averages.

**

VALUE OF DDG VS. CORN & SOYBEAN MEAL
Settlement Price: Quote Date Bushel Short Ton
Corn 3/31/2021 $5.6425 $201.52
Soybean Meal 3/31/2021 $423.20
DDG Weekly Average Spot Price $222.00
DDG Value Relative to: 3/31 3/25
Corn 110.16% 107.59%
Soybean Meal 52.46% 51.90%
Cost Per Unit of Protein:
DDG $8.22 $7.78
Soybean Meal $8.91 $8.52
Notes:
Corn and soybean prices take from DTN Market Quotes. DDG price
represents the average spot price from Midwest companies
collected on Thursday afternoons. Soybean meal cost per unit
of protein is cost per ton divided by 47.5. DDG cost per unit
of protein is cost per ton divided by 27.

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow her on Twitter @MaryCKenn



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