0
0
0

                          

GREEN HILL MFA -  CLICK - MFA CUSTOMER PORTAL

 

 
 

 
Printable Page Corn News   Return to Menu - Page 1 2 3 4 5 6
 
 
DDG Weekly Update             08/12 13:21

   DTN Weekly DDG Price Higher on Average

   DTN's weekly average spot price for domestic distillers dried grains was $2 
higher versus one week ago.

Mary Kennedy
DTN Basis Analyst

   MINNEAPOLIS (DTN) -- The DTN average price for domestic distillers dried 
grains (DDG) from 34 locations reporting for the week ended Aug. 11 was $231 
per ton, up $2 versus one week ago. DDG prices were mixed this week but did 
find support from the rally in the soybean meal and higher corn prices most of 
the week. The DTN National Corn Index is 23 cents higher versus one week ago.

   The Energy Information Administration (EIA) said Wednesday domestic ethanol 
plant production dropped 21,000 barrels per day (bpd) to 1.022 million bpd, 
3.7% higher than the same week in 2021. Ethanol plant output averaged 1.030 
million bpd during the four weeks ended Aug. 5, up 20,000 bpd versus the same 
four weeks a year earlier.

   Based on the average of prices collected by DTN, the value of DDG relative 
to corn for the week ended Aug. 11 was 1.03%. The value of DDG relative to 
soybean meal was 44.40%, and the cost per unit of protein for DDG was $8.56, 
compared to the cost per unit of protein for soybean meal at $10.95. DTN's 
estimates moved to utilizing September futures since July has gone off the 
board.

   In its weekly DDGS export update, the U.S. Grains Council said: "Barge CIF 
NOLA DDGS values are up $4 metric ton (mt) for spot shipment and up $6 to $7/mt 
for October-December positions. FOB NOLA offers have followed the same trend 
with September offers up $3 and Q4 positions priced $7/mt above last week. 
Brokers indicate international demand is becoming active amid the soymeal rally 
and crop production worries in Europe. Offers for 40-foot containers to 
Southeast Asia are up $5 to $6/mt at $383 for Q4 shipment."

    

   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                         8/11/2022      8/4/2022
Bartlett and Company, Kansas City, MO (816 714 3413)
            Missouri                Dry   $260           $260         $0
                                    Wet   $155           $155         $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
                                    Dry   $260           $260         $0
                                    Wet   $125           $125         $0
CHS, Minneapolis, MN (800-769-1066)
            Illinois                Dry   $210           $215         -$5
            Indiana                 Dry   $205           $215         -$10
            Iowa                    Dry   $220           $220         $0
            Michigan                Dry   $190           $200         -$10
            Minnesota               Dry   $205           $200         $5
            New York                Dry   $205           $205         $0
            South Dakota            Dry   $220           $215         $5
MGP Ingredients, Atchison, KS (800-255-0302)
                                    Dry   $240           $240         $0
                                    Wet   $75            $70          $5
POET Nutrition, Sioux Falls, SD (888-327-8799)
            Indiana                 Dry   $250           $245         $5
            Iowa                    Dry   $255           $245         $10
            Michigan                Dry   $235           $235         $0
            Minnesota               Dry   $250           $245         $5
            Missouri                Dry   $275           $275         $0
            Ohio                    Dry   $250           $245         $5
            South Dakota            Dry   $255           $245         $10
            Nebraska                Dry   $255           $245         $10
United BioEnergy, Wichita, KS (316-616-3521)
            Kansas                  Dry   $255           $245         $10
                                    Wet   $90            $90          $0
            Illinois                Dry   $215           $215         $0
            Nebraska                Dry   $255           $240         $15
                                    Wet   $90            $90          $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
            Illinois                Dry   $220           $220         $0
            Indiana                 Dry   $215           $210         $5
            Iowa                    Dry   $220           $215         $5
            Michigan                Dry   $210           $210         $0
            Minnesota               Dry   $210           $210         $0
            Nebraska                Dry   $235           $235         $0
            New York                Dry   $245           $245         $0
            North Dakota            Dry   $210           $210         $0
            Ohio                    Dry   $215           $215         $0
            South Dakota            Dry   $215           $215         $0
            Wisconsin               Dry   $210           $210         $0
            Western Kansas          Dry   $245           $245         $0
                                    Wet   $105           $105         $0
Western Milling, Goshen, California (559-302-1074)
            California              Dry   $335           $335
**Weekly Average:                         $231           $229         $2
(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                                         8/11/2022    $6.2925   $224.73
Soybean Meal                                 8/11/2022              $520.20
DDG Weekly Average Spot Price                                       $231.00
DDG Value Relative to:                                    8/11      8/4
Corn                                                      1.03%     1.07%
Soybean Meal                                              44.40%    44.58%
Cost Per Unit of Protein:
DDG                                                       $8.56     $8.48
Soybean Meal                                              $10.95    $10.81
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 2022 DTN, LLC. All rights reserved.

No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN