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DTN Weekly Average DDG Price Sharply Higher


In their weekly export DDGS update, U.S. Grains Council noted that brokers and merchandisers report that the DDGS export market has been “thin and illiquid’ this week amid the CBOT rally and post-holiday trading lulls. “Despite thin trade, offers are sharply higher following the broader commodity rally. Barge CIF NOLA rates are up $23/MT for spot shipment while FOB Gulf offers are $30/MT higher for January shipment at $302/MT. U.S. rail rates are $12/MT higher while 40-foot containers to southeast Asia are up $7/MT at $335 for January-March shipment.”

The U.S. Census Bureau reported on Jan. 7 that U.S. exports of DDGS totaled 927,604 mt in November, down from 951,500 mt in October, but up 2% from a year ago. Mexico was the top destination in November, taking 15% of U.S. exports and was followed by Vietnam and Turkey. For the first 11 months of 2020, U.S. exports of DDGS were up 1% from a year ago.

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 1/7/2021 12/23/2020
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $235 $235 $0
Wet $118 $118 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Missouri Dry $250 $235 $15
Wet $125 $115 $10
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $215 $205 $10
Indiana Dry $205 $198 $7
Iowa Dry $210 $195 $15
Michigan Dry $205 $198 $7
Minnesota Dry $215 $200 $15
North Dakota Dry $205 $195 $10
New York Dry $230 $225 $5
South Dakota Dry $215 $200 $15
E Energy Adams, Adams, Nebraska
Nebraska Dry $236 $225 $11
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $215 $205 $10
Iowa Dry $212 $205 $7
Michigan Dry $215 $205 $10
Minnesota Dry $207 $200 $7
Missouri Dry $250 $245 $5
Ohio Dry $210 $205 $5
South Dakota Dry $212 $205 $7
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $225 $184 $41
Wet $0 $0 $0
Illinois Dry $223 $210 $13
Nebraska Dry $220 $177 $43
Wet $0 $0 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $215 $205 $10
Indiana Dry $215 $200 $15
Iowa Dry $205 $195 $10
Michigan Dry $210 $200 $10
Minnesota Dry $210 $195 $15
Nebraska Dry $225 $210 $15
New York Dry $275 $240 $35
North Dakota Dry $220 $210 $10
Ohio Dry $210 $200 $10
South Dakota Dry $210 $190 $20
Wisconsin Dry $205 $190 $15
Valero Energy Corp, San Antonio, Texas
Indiana Subject Dry $220 $220 $0
Iowa Dry $0 $0 $0
Minnesota Dry $0 $0 $0
Nebraska Dry $0 $0 $0
Ohio Subject Dry $215 $215 $0
South Dakota Dry $0
California Dry $0 $0 $0
Western Milling, Goshen, California (559-302-1074)
California Dry $290 $280 $10
*Prices listed per ton.
Weekly Average $217 $205 $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 1/7/2021 $4.9400 $176.43
Soybean Meal 1/7/2021 $438.00
DDG Weekly Average Spot Price $217.00
DDG Value Relative to: 1/7 12/23
Corn 122.99% 128.34%
Soybean Meal 49.54% 48.67%
Cost Per Unit of Protein:
DDG $8.04 $7.59
Soybean Meal $9.22 $8.87
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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