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Market Matters Blog           11/07 12:34

   DTN Weekly Average DDG Price Higher

   DTN's weekly average spot price for domestic distillers dried grains is 
higher versus one week ago.

Mary Kennedy
DTN Basis Analyst

   MINNEAPOLIS (DTN) -- The DTN spot price for domestic distillers dried grains 
(DDG) from 33 locations reporting for the week ended Nov. 6 was $149 per ton on 
average, up $3 versus one week ago.

   DDG prices were mixed but higher on average for the week, while soybean meal 
prices pushed higher again this week. Traders noted spot demand has picked up 
as well. As for cash corn, the DTN National Average Corn Index was down 3 cents 
versus one week ago.

   Based on the average of prices collected by DTN, the value of DDG relative 
to corn for the week ended Nov. 6 was 0.973%. The value of DDG relative to 
soybean meal was 47.65% and the cost per unit of protein for DDG was $5.52 
compared to the cost per unit of protein for soybean meal at $6.58.

   U.S. Grains Council, in its weekly distillers dried grains with solubles 
(DDGS) export market prices report, showed November prices as of Nov.6: CIF 
NOLA barge price was up $3 at $210 metric ton (mt); FOB vessel Gulf price was 
steady at $230 mt; rail delivered PNW was up $6 at $247; and rail delivered to 
California was down $2 at $232 mt.

   The Energy Information Administration reported on Wednesday for the week 
ended Oct. 31, overall ethanol production in the United States averaged 1.123 
million barrels per day (bpd), up 32,000 bpd versus last week and 18,000 bpd, 
or 1.6%, higher than in the same week last year. Four-week average output at 
1.1 million bpd was 23,000 bpd above the same four weeks last year. Midwest 
ethanol production averaged 1.061 million bpd, up 25,000 bpd versus last week 
and 19,000 bpd, or 1.8% higher than in the same week last year. In the Midwest, 
four-week average output at 1.043 million bpd was 27,000 bpd above the same 
four weeks last year. The production volume last week was the highest week on 
record.

   Note: All prices subject to change/confirmation.

ALL PRICES SUBJECT TO CONFIRMATION       CURRENT        PREVIOUS       CHANGE
COMPANY    STATE                         11/6/2025      10/30/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
           Missouri                 Dry  $155           $155           $0
                                    Wet  $80            $80            $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
                                    Dry  $155           $155           $0
                                    Wet  $80            $80            $0
CHS, Minneapolis, MN (800-769-1066)
           Illinois                 Dry  $155           $155           $0
           Indiana                  Dry  $140           $140           $0
           Iowa                     Dry  $135           $135           $0
           Michigan                 Dry  $145           $145           $0
           Minnesota                Dry  $132           $130           $2
           New York                 Dry  $168           $165           $3
           South Dakota             Dry  $140           $135           $5
POET Nutrition, Sioux Falls, SD (888-327-8799)
           Indiana                  Dry  $165           $165           $0
           Iowa                     Dry  $155           $145           $10
           Michigan                 Dry  $165           $165           $0
           Minnesota                Dry  $155           $145           $10
           Missouri                 Dry  $165           $160           $5
           Ohio                     Dry  $165           $165           $0
           South Dakota             Dry  $150           $145           $5
           Nebraska                 Dry  $155           $150           $5
United BioEnergy, Wichita, KS (316-616-3521)
           Kansas                   Dry  $165           $160           $5
                                    Wet  $55            $50            $5
           Ill SOLD OUT NOV         Dry  $160           $155           $5
           Nebraska                 Dry  $165           $155           $10
                                    Wet  $55            $50            $5
U.S. Commodities, Minneapolis, MN (888-293-1640)
           Illinois                 Dry  $143           $143           $0
           Indiana                  Dry  $138           $138           $0
           Iowa                     Dry  $136           $136           $0
           Michigan                 Dry  $140           $140           $0
           Minnesota                Dry  $128           $128           $0
           Nebraska                 Dry  $145           $143           $2
           New York                 Dry  $155           $155           $0
           North Dakota             Dry  $135           $135           $0
           Ohio                     Dry  $147           $147           $0
           South Dakota             Dry  $135           $135           $0
           Wisconsin                Dry  $133           $133           $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
           FOB Pickett              Dry  $130           $130           $0
Western Kansas
           CALL                     Dry  $190           $178           $12
                                    Wet  $58            $55            $3
Western Milling
           California               Dry  $227           $222           $5
**Weekly Average:                        $149           $146           $3
(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.

    

VALUE OF DDG VS. CORN & SOYBEAN MEAL
Settlement Price:                         Quote Date    Bushel    Short Ton
Corn                                      11/6/2025     $4.2875   $153.1250
Soybean Meal                              11/6/2025               $312.70
DDG Weekly Average Spot Price             11/6/2025               $149.00
DDG Value Relative to:                                  11/6      10/30
Corn                                                    0.973%    0.950%
Soybean Meal                                            47.65%    46.26%
Cost Per Unit of Protein:
DDG                                                     $5.52     5.41
Soybean Meal                                            $6.58     6.64
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 the social platform X @MaryCKenn




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