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Monday, August 3, 2020  
 
 
 
Printable Page US Ag News   Return to Menu - Page 1 2 3 4 5 6
 
 
DDG Weekly Update             07/31 09:55

   DTN Weekly Average DDG Price Unchanged

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

Mary Kennedy
DTN Basis Analyst

   OMAHA (DTN) -- Of the 40 locations DTN contacted with spot offers for 
domestic distillers dried grains (DDG) for the week ended July 30, prices were 
at $128 per ton, unchanged on average versus the prior week. The DTN National 
Corn Index was 13 cents lower versus one week ago, and the national average 
basis was unchanged, but DDG prices remained steady this week.

   Based on the average of prices collected by DTN, the value of DDG relative 
to corn for the week ended July 30 was 113.51% and above the five-year average 
of 109%. The value of DDG relative to soybean meal was 44.17%. The cost per 
unit of protein for DDG was $4.74, compared to the cost per unit of protein for 
soybean meal at $6.10.

   In its weekly export DDGS update, the U.S. Grains Council said, "Offers for 
DDGS on the export market are mostly higher this week with Barge CIF NOLA 
values up $4 to $5 per metric tons (mt) and FOB Gulf offers rising $1/mt for 
spot shipment. Merchandisers report that international demand is picking up 
following a minor seasonal slowdown in July. Offers for DDGS CNF Southeast Asia 
are $1/mt higher for August and September shipment this week and are up $5/mt 
for October/November. The average offer for 40-foot containers to Southeast 
Asia is $234/mt this week."

   The Energy Information Administration said U.S. ethanol inventory rose 2.5% 
in the week ended July 24 from a more than 3 1/2-year low in the week prior, as 
production rose over 5% to the highest level since the week ended March 20, 
with demand rising at a slower pace than in recent weeks.

   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                                  7/30/2020     7/23/2020
Bartlett and Company, Kansas City, MO (816-753-6300)   (816 714 3413)
                Missouri                        Dry    $138          $135       
  $3
                                                Wet    $70           $68        
  $2
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
                Missouri                        Dry    $135          $130       
  $5
                                                Wet    $70           $70        
  $0
CHS, Minneapolis, MN (800-769-1066)
                Illinois                        Dry    $140          $140       
  $0
                Indiana                         Dry    $130          $130       
  $0
                Iowa                            Dry    $120          $120       
  $0
                Michigan                        Dry    $130          $130       
  $0
                Minnesota                       Dry    $115          $115       
  $0
                North Dakota                    Dry    $115          $115       
  $0
                New York                        Dry    $135          $135       
  $0
                South Dakota                    Dry    $105          $105       
  $0
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)
                Kansas                          Dry    $125          $125       
  $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
                Indiana                         Dry    $140          $140       
  $0
                Iowa                            Dry    $120          $120       
  $0
                Michigan                        Dry    $130          $130       
  $0
                Minnesota                       Dry    $120          $120       
  $0
                Missouri                        Dry    $145          $145       
  $0
                Ohio                            Dry    $140          $140       
  $0
                South Dakota                    Dry    $125          $125       
  $0
United BioEnergy, Wichita, KS (316-616-3521)
                Kansas                          Dry    $130          $130       
  $0
                                                Wet    $40           $40        
  $0
                Illinois                        Dry    $140          $142       
  -$2
                Nebraska                        Dry    $130          $130       
  $0
                                                Wet    $40           $40        
  $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
                Illinois                        Dry    $135          $135       
  $0
                Indiana                         Dry    $135          $135       
  $0
                Iowa                            Dry    $120          $120       
  $0
                Michigan                        Dry    $130          $130       
  $0
                Minnesota                       Dry    $120          $120       
  $0
                Nebraska                        Dry    $115          $110       
  $5
                New York                        Dry    $150          $150       
  $0
                North Dakota                    Dry    $115          $115       
  $0
                Ohio                            Dry    $135          $135       
  $0
                South Dakota                    Dry    $105          $100       
  $5
                Wisconsin                       Dry    $130          $130       
  $0
Valero Energy Corp, San Antonio Texas
                Indiana                         Dry    $153          $148       
  $5
                Iowa                            Dry    $0            $0         
  $0
                Minnesota                       Dry    $0            $0         
  $0
                Nebraska                        Dry    $0            $0         
  $0
                Ohio                            Dry    $143          $140       
  $3
                South Dakota                    Dry    $0            $0         
  $0
                California                      Dry    $0            $0         
  $0
Western Milling, Goshen, California (559-302-1074)
                California                      Dry    $201          $201       
  $0
*Prices listed per ton.
                Weekly Average                         $128          $128       
  $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                                   7/30/2020     $3.1575   $112.77
Soybean Meal                           7/30/2020               $289.80
DDG Weekly Average Spot Price                                  $128.00
DDG Value Relative to:                               7/30      7/23
Corn                                                 113.51%   109.27%
Soybean Meal                                         44.17%    44.08%
Cost Per Unit of Protein:
DDG                                                  $4.74     $4.74
Soybean Meal                                         $6.10     $6.11
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.




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