Ethanol Blog
Cheryl Anderson DTN Staff Reporter

Friday 04/11/14

Slight Improvement in Supplies, Logistics Drops DDG Prices

The first ever-so-slight hints that rail car availability may be improving, coupled with some recovery from tight supplies, dropped prices of dried distillers grains in the past week.

The DTN weekly DDG spot price average fell $3 per ton since last week, from $239 $236. This dip follows 12 weeks of steady increases, as the average has increased every week since the second week of January.

Of the 30 Midwestern locations DTN collects spot prices from, 19 locations reported their prices had decreased between $5 and $15 per ton in the past week. Prices at nine locations remained unchanged since last week and only one location increased $5 per ton. One location still reported no offers this week.

Merchandisers told DTN that logistics and rail car availability were just slightly improved in the last week, with rail prices good if cars are available. Supplies are still tight, but improving as well, with more plants with offers and product to sell. Some described the past week as fairly quiet with time for a bit of a pullback in prices after prices rose quickly and for so long.

The value of DDG relative to corn fell slightly this week, from about 134% last week to about 131%. The value of DDG relative to soybean meal stayed relatively unchanged at about 49% this week.

The cost per unit of protein for DDG was about $9.44 this week, compared to the cost per unit of protein for soybean meal at $10.09.

Cheryl Anderson can be reached at Cheryl.anderson@dtn.com.

(CZ)

Posted at 12:47PM CDT 04/11/14 by Cheryl Anderson
Post a Blog Comment:
Your Comment:
DTN reserves the right to delete comments posted to any of our blogs and forums, for reasons including profanity, libel, irrelevant personal attacks and advertisements.
Blog Home Pages
April  2015
S M T W T F S
         1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30      
Subscribe to Ethanol Blog RSS
Recent Blog Posts
  • Argo, PNW Spot Ethanol Prices Nudge Higher in Thin Trade
  • An Economic Case for Ethanol
  • Spot Ethanol Gains at Argo, Steady in New York Harbor
  • Grains Council Works to Open Cuban Markets
  • Ethanol Production Sliding Lower
  • Spot Ethanol Advances After Bullish Weekly Supply Report
  • D6 RINs Extend Higher; Spot Ethanol Prices Flat
  • D6 RINs Edge Higher While Spot Ethanol Prices Ease
  • Corn Prices Remain Range Bound
  • DDGS Rise to Highest Level in Five Months
  • Spot Ethanol Prices Weaken Amid Sluggish Demand
  • Gasoline Stocks Change Direction
  • Spot Ethanol Prices Mostly Flat in Lackluster Trade
  • Spring Buying in the Air
  • DDG Prices Rise Slightly in Slow Week of Trade
  • Ethanol Drawing From Strong Gasoline Demand
  • Grains Council Targets Caribbean Markets
  • Spot Ethanol Prices Mixed in Thin Trade
  • April 1st Buying Frenzy on Supply Reductions
  • Bullish EIA Supply Report Spurs Rally for Ethanol Prices