Market Matters Blog

DTN Weekly DDG Average Price Firm

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DTN's weekly spot price for domestic distillers dried grains for the week ended Dec. 7 was steady on average versus one week ago. (DTN file photo)

MINNEAPOLIS (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Dec. 7 was steady at $202 per ton on average versus one week ago. DDG prices were steady on average as strength in cash soybean meal prices was supportive to the market.

USGC reported, the "DDGS/cash corn ratio is firmer this week at 1.36 and above the three-year average of 1.03. The DDGS/KC soymeal ratio rose to 0.45 this week and remains below the three-year average of 0.51."

The Energy Information Administration on Wednesday said overall ethanol production in the United States for the week ended Dec. 1 averaged 1.076 million barrels per day (bpd) in the week ended Dec. 1, up 65,000 bpd, week-on-week, while 1,000 bpd lower than in the same week last year. Four-week average output at 1.04 million bpd was 3,000 bpd above the same four weeks in 2022. Midwest ethanol production averaged 1.02 million bpd, up 70,000 bpd week-on-week and 6,000 bpd, or 0.6%, higher than in the same week last year. Four-week average output at 980,000 bpd was 2,000 bpd above the same four weeks in 2022.

In their weekly DDGS export update, the U.S. Grains Council said, "Barge CIF NOLA offers are up $3 metric ton (mt) for December and steady to up $2 for January and February this week despite declines in barge freight. FOB NOLA offers steady to $1 higher for December through February shipment and average $285 mt for spot shipment. Prices for containerized DDGS shipped to Southeast Asia are lower this week amid the recent pullback in ocean freight rates. Late December offers are down $6 mt at $323 C&F Southeast Asia with January and February offers down $5 at $322 mt."

USGC noted, "USDA's monthly Grain Crushings report featured 11.722 million metric tons (mmt) of corn used for fuel ethanol production in October, a figure up 7.3% from the prior month and up 2.9%, year-over-year. DDGS production rose 5.6% from September and hit 1.63 mmt, also up 2.9% from the prior year. Corn gluten feed production fell 1% from October 2022 to 240,000 MT while corn gluten meal output rose 0.6% to 110,000 mt."

Note: All prices subject to change/confirmation.

ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 12/7/2023 11/30/2023
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $225 $223 $2
Wet $125 $123 $2
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $235 $235 $0
Wet $130 $150 -$20
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $210 $215 -$5
Indiana Dry $195 $195 $0
Iowa Dry $205 $205 $0
Michigan Dry $190 $190 $0
Minnesota Dry $205 $210 -$5
New York Dry $220 $220 $0
South Dakota Dry $210 $210 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $210 $210 $0
Iowa Dry $220 $220 $0
Michigan Dry $220 $220 $0
Minnesota Dry $220 $220 $0
Missouri Dry $240 $240 $0
Ohio Dry $210 $210 $0
South Dakota Dry $220 $220 $0
Nebraska Dry $230 $230 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $230 $230 $0
Wet $90 $90 $0
Illinois NO DEC Dry $0 $0 $0
Nebraska Dry $230 $230 $0
Wet $90 $90 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $190 $190 $0
Indiana Dry $195 $195 $0
Iowa Dry $195 $195 $0
Michigan Dry $195 $195 $0
Minnesota Dry $200 $200 $0
Nebraska Dry $220 $220 $0
New York Dry $260 $260 $0
North Dakota Dry $215 $215 $0
Ohio Dry $195 $195 $0
South Dakota Dry $210 $210 $0
Wisconsin Dry $195 $195 $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
Dry $195 $195 $0
Western Kansas
Kansas Dry $260 $260 $0
Wet $86 $86 $0
Western Milling
California Dry $288 $295 -$7
**Weekly Average: $202 $202 $0
(Prices listed per ton)
**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.

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

Follow her on X, formerly known as Twitter, @MaryCKenn

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