Home
About Us
Cashbids
Service Charges
Marketing Programs
Specialty Grain
USDA REPORT
Illinois Soybean Association
Illinois Corn Growers Association
Illinois Wheat Association
Illinois Farm Bureau
Grain & Feed Assocation
USDA WEBSITE
Montgomery County Farm Bureau
Christian County Farm Bureau
National Grain & Feed Assoc.
U.S. Grain Council
ATTENTION
Charts
Futures Markets
Markets Page
Options
Grain
US Ag News
Weather

 
 
Printable Page US Ag News   Return to Menu - Page 1 2 3 4 5 6
 
 
DDG Weekly Update             11/20 10:35

   DTN Weekly Average DDG Price Continues Higher

   DTN's weekly average spot price for domestic distillers dried grains was 
higher this past week.

Mary Kennedy
DTN Basis Analyst

   OMAHA (DTN) -- The average price for domestic distillers dried grains (DDG) 
from the 40 locations DTN contacted with spot offers for the week ended Nov. 19 
was $195 per ton, up $8 on average from the prior week.

   DDG prices continue to push higher as supplies in some areas are tight. One 
merchandiser told me he was nearly sold out in one plant for the rest of 
November. Slower ethanol plant production time and strong demand for protein 
are keeping the market volatile and, in turn, causing the surge in prices for 
domestic DDG and export DDGS.

   Based on the average of prices collected by DTN, the value of DDG relative 
to corn for the week ended Nov. 19 was 129.23%, well above the five-year 
average of 109%. The value of DDG relative to soybean meal was 49.53% and above 
the three-year average of 42%. The cost per unit of protein for DDG was $7.22, 
compared to the cost per unit of protein for soybean meal at $8.29.

   In its weekly export DDGS price report, the U.S. Grains Council wrote, "DDGS 
brokers and merchandisers report that barge demand is rising quickly and 
supporting Q1 values. Domestic demand is also increasing and DDGS producers, 
facing higher costs shipping to river markets, are selling into domestic 
markets aggressively. Container demand is reportedly also strengthening with 
strong trade this week, and expectations are that this trend will continue into 
2021. Barge CIF NOLA offers are up $5/metric ton (mt) for spot shipment and up 
$10 to $11/mt for Q1 2021 this week. FOB Gulf offers are up $4 to $8/mt for 
December-February shipment. Rail rates are mixed with prices for Kansas City or 
Elwood, Illinois, railyards up $3 to $6/mt this week while rail-delivered DDGS 
to Laredo, Texas, or California are down $6 to $8/mt. Offers for 40-foot 
containers to Southeast Asia are up $7/mt, averaging $310."

   The Energy Information Administration reported Wednesday that domestic 
ethanol inventories rose to an 11-week high for the week ended Nov. 13 as 
demand dropped to the lowest level in five months. Ethanol plant production 
dropped for the first time in four weeks, down 15,000 barrels per day (bpd) or 
1.5% to 962,000 bpd in the week, 7% lower than the corresponding week in 2019. 
Four-week average output at 960,000 bpd slid 60,000 bpd against 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         CURRENT       CHANGE
COMPANY     STATE                        11/12/2020      11/12/2020
Bartlett and Company, Kansas City, MO (816 714 3413)
            Missouri               Dry   $215            $210          $5
                                   Wet   $108            $105          $3
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
            Missouri               Dry   $225            $210          $15
            Subject                Wet   $110            $102          $8
CHS, Minneapolis, MN (800-769-1066)
            Illinois               Dry   $210            $200          $10
            Indiana                Dry   $195            $190          $5
            Iowa                   Dry   $195            $190          $5
            Michigan               Dry   $190            $190          $0
            Minnesota              Dry   $195            $185          $10
            North Dakota           Dry   $190            $180          $10
            New York               Dry   $220            $205          $15
            South Dakota           Dry   $190            $180          $10
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)
            Kansas                 Dry   $200            $195          $5
POET Nutrition, Sioux Falls, SD (888-327-8799)
            Indiana                Dry   $200            $200          $0
            Iowa                   Dry   $200            $195          $5
            Michigan               Dry   $200            $190          $10
            Minnesota              Dry   $198            $190          $8
            Missouri               Dry   $210            $205          $5
            Ohio                   Dry   $200            $195          $5
            South Dakota           Dry   $198            $190          $8
United BioEnergy, Wichita, KS (316-616-3521)
            Kansas                 Dry   $177            $177          $0
                                   Wet   $75             $75           $0
            Illinois               Dry   $212            $200          $12
            Nebraska               Dry   $177            $177          $0
                                   Wet   $75             $75           $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
            Illinois               Dry   $195            $190          $5
            Indiana                Dry   $190            $185          $5
            Iowa                   Dry   $180            $175          $5
            Michigan               Dry   $190            $185          $5
            Minnesota              Dry   $180            $175          $5
            Nebraska               Dry   $185            $180          $5
            New York               Dry   $215            $210          $5
            North Dakota           Dry   $180            $175          $5
            Ohio                   Dry   $190            $185          $5
            South Dakota           Dry   $170            $165          $5
            Wisconsin              Dry   $175            $170          $5
Valero Energy Corp, San Antonio Texas
Subject     Indiana                Dry   $215            $183          $32
            Iowa                   Dry   $0              $0            $0
            Minnesota              Dry   $0              $0            $0
            Nebraska               Dry   $0              $0            $0
Subject     Ohio                   Dry   $205            $172          $33
            South Dakota           Dry   $0              $0            $0
            California             Dry   $0              $0            $0
Western Milling, Goshen, California (559-302-1074)
            California             Dry   $265            $265          $0
*Prices listed per ton.
            Weekly Average               $195            $187          $8
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                                      11/19/2020     $4.2250   $150.89
Soybean Meal                              11/19/2020               $393.70
DDG Weekly Average Spot Price                                      $195.00
DDG Value Relative to:                                   11/19     11/12
Corn                                                     129.23%   128.25%
Soybean Meal                                             49.53%    48.18%
Cost Per Unit of Protein:
DDG                                                      $7.22     $6.93
Soybean Meal                                             $8.29     $8.17
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




(c) Copyright 2020 DTN, LLC. All rights reserved.

For more free DTN information sent right to your email each morning - click here to sign up for DTN Snapshot.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN