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DTN Weekly DDG Price Steady on Average


In its weekly export DDGS price report, the U.S. Grains Council wrote, “Brokers say DDGS markets were quiet early in the week, but activity picked up Wednesday and Thursday. Continued container market logistics issues are still causing backups in the domestic market, pushing barge CIF NOLA prices down $4 per metric ton (MT) this week for January positions. FOB Gulf offers are $2 to $4/MT lower this week while U.S. rail rates are steady to $1 lower. Containers destined for Southeast Asia have fallen $2 to $3/MT this week, averaging $320/MT.”

The Energy Information Administration report Wednesday showed during the week ended Dec. 10 total domestic ethanol inventories increased for a seventh straight week, rising to a 29-week high in the second week of December amid continued weak implied demand. Ethanol plant production was down 3.4% to a seven-week low and 10.1% lower than the corresponding week in 2019. Four-week average output dropped 86,000 barrels per day (bpd) against year ago to 978,000 bpd.

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 12/17/2020 12/10/2020
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $230 $230 $0
Wet $115 $115 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Missouri Dry $235 $235 $0
Wet $115 $115 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $210 $210 $0
Indiana Dry $198 $200 -$2
Iowa Dry $198 $198 $0
Michigan Dry $198 $198 $0
Minnesota Dry $200 $200 $0
North Dakota Dry $195 $195 $0
New York Dry $230 $230 $0
South Dakota Dry $200 $200 $0
E Energy Adams, Adams, Nebraska
Adams Dry $225 $225 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $200 $205 -$5
Iowa Dry $200 $205 -$5
Michigan Dry $200 $205 -$5
Minnesota Dry $200 $200 $0
Missouri Dry $240 $230 $10
Ohio Dry $200 $205 -$5
South Dakota Dry $200 $205 -$5
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $184 $184 $0
Wet $75 $75 $0
Illinois JANUARY Dry $207 $212 -$5
Nebraska Dry $177 $177 $0
Wet $75 $75 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $205 $205 $0
Indiana Dry $200 $200 $0
Iowa Dry $195 $195 $0
Michigan Dry $200 $200 $0
Minnesota Dry $195 $190 $5
Nebraska Dry $210 $210 $0
New York Dry $240 $240 $0
North Dakota Dry $210 $210 $0
Ohio Dry $200 $200 $0
South Dakota Dry $190 $185 $5
Wisconsin Dry $190 $190 $0
Valero Energy Corp, San Antonio, Texas
Indiana Dry $208 $208 $0
Iowa Dry $0 $0 $0
Minnesota Dry $0 $0 $0
Nebraska Dry $0 $0 $0
Ohio Dry $197 $197 $0
South Dakota Dry $0 $0 $0
California Dry $0 $0 $0
Western Milling, Goshen, California (559-302-1074)
California Dry $265 $270 -$5
*Prices listed per ton.
Weekly Average $203 $203 $0
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 12/17/2020 $4.3250 $154.46
Soybean Meal 12/17/2020 $397.90
DDG Weekly Average Spot Price $203.00
DDG Value Relative to: 12/17 12/10
Corn 131.42% 135.25%
Soybean Meal 51.02% 53.28%
Cost Per Unit of Protein:
DDG $7.52 $7.52
Soybean Meal $8.38 $8.02
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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