Sunday, September 20, 2020  
 
Charts |  Futures |  Options |  Portfolio |  Weather 
 Home
 Home/Michigan Corn
 Headline News and Commentary
 Weather Station
 Futures & Cash Prices
 Local Cash Grain Bids
 Admin Login
 
 
Printable Page US Ag News   Return to Menu - Page 1 2 3 4 5 6
 
 
DDG Weekly Update             09/18 11:24

   DTN Weekly Average DDG Price Continues Higher

   DTN's weekly average spot price for domestic distillers dried grains pushed 
higher this 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 Sept. 
17 was $151 per ton, up $7 on average from the prior week. DDG prices pushed 
higher for the week as cash corn prices strengthened; supplies are tight in 
some spots as demand remains firm, according to merchandisers. The DTN National 
Corn Index on Sept. 17 was 11 cents higher versus one week ago.

   Based on the average of prices collected by DTN, the value of DDG relative 
to corn for the week ended Sept. 17 was 112.67%, above the 5-year average of 
109%. The value of DDG relative to soybean meal was 45.70% and is near the 
3-year average. The cost per unit of protein for DDG was $5.59, compared to the 
cost per unit of protein for soybean meal at $6.96.

   In their weekly export DDGS report, the U.S. Grains Council said, "Exporters 
report strong Q4 demand from international buyers. Barge CIF NOLA offers are $4 
to $5 per metric tons (mt) higher this week while FOB Gulf offers are up $6 to 
$8/mt at $225 for October shipment. U.S. rail rates are steady/higher, 
averaging a $2/mt gain from the prior week. Offers for 40-foot containers to 
Southeast Asia are up $7 to $8/mt as demand from that region enters a period of 
seasonal strength. Containers are offered at $252/mt for October shipment."

   The Energy Information Administration reported ethanol inventory during the 
week ended Sept. 11 in the Midwest PADD 2 declined, falling 5.9% to bring total 
domestic supplies down as demand recovered and production moved off a 6-week 
high. Blending activity, a measure of demand, rebounded from an 8-week low, up 
15,000 barrels per day (bpd), which was about 7% below the same week in 2019. 
Ethanol plant production continued to seesaw, falling 15,000 bpd in the week 
ended Sept. 11, 8% lower than the corresponding week in 2019. Four-week average 
output is down 89,000 bpd against year ago at 930,000 bpd.

   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                       9/17/2020    9/10/2020
Bartlett and Company, Kansas City, MO (816 714 3413)
          Missouri              Dry   $160         $158       $2
                                Wet   $80          $79        $1
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
          Missouri Subject      Dry   $160         $155       $5
                                Wet   $85          $78        $7
CHS, Minneapolis, MN (800-769-1066)
          Illinois              Dry   $160         $155       $5
          Indiana               Dry   $150         $145       $5
          Iowa                  Dry   $145         $140       $5
          Michigan              Dry   $150         $145       $5
          Minnesota             Dry   $140         $130       $10
          North Dakota          Dry   $130         $125       $5
          New York              Dry   $155         $150       $5
          South Dakota          Dry   $135         $125       $10
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)
          Kansas                Dry   $155         $150       $5
POET Nutrition, Sioux Falls, SD (888-327-8799)
          Indiana               Dry   $160         $150       $10
          Iowa                  Dry   $145         $139       $6
          Michigan              Dry   $150         $145       $5
          Minnesota             Dry   $140         $136       $4
          Missouri              Dry   $160         $160       $0
          Ohio                  Dry   $160         $155       $5
          South Dakota          Dry   $140         $135       $5
United BioEnergy, Wichita, KS (316-616-3521)
          Kansas                Dry   $145         $145       $0
                                Wet   $50          $50        $0
          Illinois              Dry   $166         $158       $8
          Nebraska              Dry   $145         $145       $0
                                Wet   $50          $50        $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
          Illinois              Dry   $160         $145       $15
          Indiana               Dry   $160         $148       $12
          Iowa                  Dry   $150         $145       $5
          Michigan              Dry   $155         $145       $10
          Minnesota             Dry   $145         $137       $8
          Nebraska              Dry   $155         $145       $10
          New York              Dry   $170         $155       $15
          North Dakota          Dry   $140         $125       $15
          Ohio                  Dry   $160         $150       $10
          South Dakota          Dry   $140         $130       $10
          Wisconsin             Dry   $150         $140       $10
Valero Energy Corp, San Antonio Texas
          Indiana               Dry   $160         $160       $0
          Iowa                  Dry   $0           $0         $0
          Minnesota             Dry   $0           $0         $0
          Nebraska              Dry   $0           $0         $0
          Ohio                  Dry   $150         $150       $0
          South Dakota          Dry   $0           $0         $0
          California            Dry   $0           $0         $0
Western Milling, Goshen, California (559-302-1074)
          California            Dry   $213         $212       $1
*Prices listed per ton.
          Weekly Average              $151         $144       $7
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                             9/17/2020   $3.7525 $134.02
Soybean Meal                     9/17/2020           $330.40
DDG Weekly Average Spot Price                        $151.00
DDG Value Relative to:                       9/17    9/10
Corn                                         112.67% 112.87%
Soybean Meal                                 45.70%  46.29%
Cost Per Unit of Protein:
DDG                                          $5.59   $5.33
Soybean Meal                                 $6.96   $6.55
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