Market Matters Blog
DTN Average Weekly DDG Price Pushes Higher
MINNEAPOLIS (DTN) -- The average DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Sept. 24 was $194 per short ton on average, up $9 versus one week ago. Prices pushed higher this week due in part to ethanol plant Fall maintenance taking place, according to merchandisers. The EIA reported lower plant production last week, and it was the lowest in four months.
DDG prices were higher on average again, while the cash corn price was higher versus one week ago. The DTN National Average Corn Index was up 2 cents per bushel, while soybean meal prices were higher, up $1.10 per short ton versus one week ago. Continued strength in soybean meal also adds to higher DDG prices.
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Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Sep 24 was 1.030%. The value of DDG relative to soybean meal was 52.09% and the cost per unit of protein for DDG was $7.19 compared to the cost per unit of protein for soybean meal at $7.84.
U.S. Grains and Bioproducts Council in its weekly distillers dried grains with solubles (DDGS) export market prices report showed October prices as of Sept. 24: CIF NOLA barge price was up $14 at $290 metric ton (mt) versus one week ago; FOB vessel Gulf price was up $17 at $304 mt; rail delivered PNW was up $13 at $318; and rail delivered to California was up $7 at $306 mt.
The Energy Information Administration reported on Wednesday (9/23) that overall ethanol production in the United States averaged 1.028 million bpd in the week ending September 18, down 71,000 bpd week-on-week and 65,000 bpd, or 5.9% lower than in the same week last year. Four-week average output at 1.127 million bpd was 23,000 bpd above the same four weeks last year. Midwest ethanol production averaged 962,000 bpd, down 78,000 bpd week-on-week and 70,000 bpd, or 6.8% lower than in the same week last year. Four-week average output at 1.07 million bpd was 24,000 bpd above the same four weeks last year.
Note: All prices subject to change/confirmation.
| ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | CURRENT | CHANGE | ||
| COMPANY | STATE | 9/24/2026 | 9/17/2026 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $195 | $190 | $5 | |
| Wet | $95 | $90 | $5 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $190 | $190 | $0 | ||
| Wet | $90 | $90 | $0 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $205 | $200 | $5 | |
| Indiana | Dry | $180 | $170 | $10 | |
| Iowa | Dry | $180 | $172 | $8 | |
| Michigan | Dry | $185 | $180 | $5 | |
| Minnesota | Dry | $175 | $170 | $5 | |
| New York | Dry | $220 | $205 | $15 | |
| South Dakota | Dry | $185 | $185 | $0 | |
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $205 | $200 | $5 | |
| Iowa | Dry | $220 | $215 | $5 | |
| Michigan | Dry | $210 | $205 | $5 | |
| Minnesota | Dry | $210 | $205 | $5 | |
| Missouri | Dry | $210 | $210 | $0 | |
| Ohio | Dry | $205 | $200 | $5 | |
| South Dakota | Dry | $215 | $200 | $15 | |
| Nebraska | Dry | $210 | $205 | $5 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $205 | $195 | $10 | |
| Wet | $75 | $65 | $10 | ||
| Ill Limited supply | Dry | $0 | $0 | $0 | |
| Nebraska | Dry | $202 | $185 | $17 | |
| Wet | $75 | $65 | $10 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $195 | $175 | $20 | |
| Indiana | Dry | $190 | $170 | $20 | |
| Iowa | Dry | $185 | $160 | $25 | |
| Michigan | Dry | $190 | $165 | $25 | |
| Minnesota | Dry | $175 | $165 | $10 | |
| Nebraska | Dry | $185 | $180 | $5 | |
| New York | Dry | $190 | $180 | $10 | |
| North Dakota | Dry | $175 | $170 | $5 | |
| Ohio | Dry | $185 | $160 | $25 | |
| South Dakota | Dry | $180 | $170 | $10 | |
| Wisconsin | Dry | $175 | $155 | $20 | |
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||
| FOB Pickett | Dry | $170 | $170 | $0 | |
| Western Kansas | |||||
| Dry | $222 | $230 | -$8 | ||
| Wet | $75 | $78 | -$3 | ||
| Western Milling | |||||
| California | Dry | $278 | $278 | $0 | |
| **Weekly Average: | $194 | $185 | $9 | ||
| (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. | |||||
NOTE: DDG table uses the futures with the highest volume: Currently DEC
| VALUE OF DDG VS. CORN & SOYBEAN MEAL | |||
| Settlement Price: | Quote Date | Bushel | Short Ton |
| Corn | 9/24/2026 | $5.2750 | $188.3929 |
| Soybean Meal | 9/24/2026 | $372.40 | |
| DDG Weekly Average Spot Price | 9/24/2026 | $194.00 | |
| DDG Value Relative to: | 9/24 | 9/17 | |
| Corn | 1.030% | 0.976% | |
| Soybean Meal | 52.09% | 49.82% | |
| Cost Per Unit of Protein: | |||
| DDG | $7.19 | 6.85 | |
| Soybean Meal | $7.84 | 7.82 | |
| Notes: | |||
| Corn and soybean prices taken 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 social platform X @MaryCKenn
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