Elevator Address

2518 Lockhead Rd
North Gower, ON
K0A 2T0
 



Contact Info:
1-855-SOY-CORN(769-2676)
Office: 613-489-0956
Fax: 613-489-0957
info@northgowergrains.com

Headlines
DDG Weekly Update
Mary Kennedy 12/13 12:57 PM

OMAHA (DTN) -- The domestic distillers dried grains (DDG) weekly average spot price from the 40 locations DTN contacted was up $1 at $145 per ton for the week ended Dec. 12. Prices remained firm in spite of a cheaper cash corn price this past week. A merchandiser told DTN there are a few areas running short on product.

The Energy Information Administration noted in their weekly supply report that ethanol inventory in the U.S. increased to a five-week high, while blending activity fell to the second lowest weekly rate of 2019. In addition, domestic plant production was up for a tenth consecutive week for the week ended Dec. 6.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Dec. 12 was at 110.85%. The value of DDG relative to soybean meal was at 49.06%. The cost per unit of protein for DDG was $5.37, compared to the cost per unit of protein for soybean meal at $6.22.

In its weekly export DDGS update, the U.S. Grains Council noted, "The U.S. DDGS market is quiet this week with Barge CIF NOLA and FOB NOLA offers $1 to $2 per metric ton (mt) higher. DDGS rail-delivered to the PNW are up $3/mt this week for December shipment and up $1/mt for January/February. Prices for containers to Southeast Asia are mostly higher this week, with offers $2/mt higher than last week for spot shipment and up $1/mt for deferred positions. The average price for 40-foot containers to Southeast Asia reached $244/mt for December and $243/mt for January/February."

* CIF (cost, insurance and freight paid by seller) NOLA (New Orleans)

* FOB (free on board means buyer pays costs of ocean freight, insurance, unloading, and transportation from originating port)

ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 12/12/2019 12/5/2019
Bartlett and Company, Kansas City, MO (816-753-6300)
Missouri Dry $162 $162 $0
Wet $81 $81 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Missouri Subject Dry $165 $165 $0
Wet $80 $80 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $135 $135 $0
Indiana Dry $140 $140 $0
Iowa Dry $135 $135 $0
Michigan Dry $150 $150 $0
Minnesota Dry $135 $135 $0
North Dakota Dry $135 $135 $0
New York Dry $155 $150 $5
South Dakota Dry $125 $125 $0
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)
Kansas Dry $160 $155 $5
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $150 $150 $0
Iowa Dry $142 $138 $4
Michigan Dry $135 $135 $0
Minnesota Dry $140 $137 $3
Missouri Dry $160 $155 $5
Ohio Dry $150 $150 $0
South Dakota Dry $150 $150 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $150 $150 $0
Wet $55 $55 $0
Illinois Dry $153 $153 $0
Nebraska Dry $150 $150 $0
Wet $60 $60 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $150 $145 $5
Indiana Dry $150 $145 $5
Iowa Dry $140 $145 -$5
Michigan Dry $145 $140 $5
Minnesota Dry $135 $135 $0
Nebraska Dry $160 $150 $10
New York Dry $165 $165 $0
North Dakota Dry $145 $135 $10
Ohio Dry $155 $150 $5
South Dakota Dry $135 $135 $0
Wisconsin Dry $135 $135 $0
Valero Energy Corp, San Antonio Texas
Indiana Dry $150 $150 $0
Iowa Dry $135 $135 $0
Minnesota Dry $135 $135 $0
Nebraska Dry $145 $145 $0
Ohio Dry $155 $150 $5
South Dakota Dry $140 $140 $0
California Dry $208 $208 $0
Western Milling, Goshen, California (559-302-1074)
California Dry $215 $218 -$3
*Prices listed per ton.
Weekly Average $145 $144 $1
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 12/13/2019 $3.6625 $130.80
Soybean Meal 12/13/2019 $295.50
DDG Weekly Average Spot Price $145.00
DDG Value Relative to: 12/12 12/5
Corn 110.85% 110.31%
Soybean Meal 49.06% 48.08%
Cost Per Unit of Protein:
DDG $5.37 $5.33
Soybean Meal $6.22 $6.31
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.

* CIF (cost, insurance and freight paid by seller) NOLA (New Orleans)

* FOB (free on board means buyer pays costs of ocean freight, insurance, unloading, and transportation from originating port)

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow her on Twitter @MaryCKenn

(CZ)

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