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Market Matters Blog 11/14 11:10
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. 13 was $152 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 were stronger again this week, up $15.70 versus one week ago. As for
cash corn, the DTN National Average Corn Index was up 14 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. 13 was 0.964%. The value of DDG relative to
soybean meal was 46.29% and the cost per unit of protein for DDG was $5.63
compared to the cost per unit of protein for soybean meal at $6.91.
U.S. Grains Council, in its weekly distillers dried grains with solubles
(DDGS) export market prices report, showed December prices as of Nov.13: CIF
NOLA barge price was steady at $210 metric ton (mt); FOB vessel Gulf price was
steady at $230 mt; rail delivered PNW was down $8 at $240; and rail delivered
to California was down $13 at $225 mt.
The Energy Information Administration reported that for the week ended Nov.
7, overall ethanol production in the United States averaged 1.075 million
barrels per day (bpd), down 48,000 bpd versus last week and 30,000 bpd, or
2.8%, lower than in the same week last year. Four-week average output at 1.1
million bpd was 5,000 bpd above the same four weeks last year. Midwest ethanol
production averaged 1.014 million bpd, down 47,000 bpd versus last week and
28,000 bpd, or 2.8%, lower than in the same week last year. Four-week average
output at 1.04 million bpd was 8,000 bpd above the same four weeks last year.
Note: All prices subject to change/confirmation.
ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 11/13/2025 11/6/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $165 $155 $10
Wet $85 $80 $5
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $165 $155 $10
Wet $90 $80 $10
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $160 $155 $5
Indiana Dry $145 $140 $5
Iowa Dry $138 $135 $3
Michigan Dry $148 $145 $3
Minnesota Dry $135 $132 $3
New York Dry $175 $168 $7
South Dakota Dry $142 $140 $2
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $165 $165 $0
Iowa Dry $155 $155 $0
Michigan Dry $165 $165 $0
Minnesota Dry $155 $155 $0
Missouri Dry $168 $165 $3
Ohio Dry $165 $165 $0
South Dakota Dry $155 $150 $5
Nebraska Dry $155 $155 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $165 $165 $0
Wet $55 $55 $0
Ill SOLD OUT NOV Dry $160 $160 $0
Nebraska Dry $165 $165 $0
Wet $55 $55 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $150 $143 $7
Indiana Dry $145 $138 $7
Iowa Dry $140 $136 $4
Michigan Dry $140 $140 $0
Minnesota Dry $130 $128 $2
Nebraska Dry $150 $145 $5
New York Dry $165 $155 $10
North Dakota Dry $140 $135 $5
Ohio Dry $155 $147 $8
South Dakota Dry $140 $135 $5
Wisconsin Dry $135 $133 $2
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $130 $130 $0
Western Kansas
CALL Dry $202 $190 $12
Wet $65 $58 $7
Western Milling
California Dry $232 $227 $5
**Weekly Average: $152 $149 $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 11/13/2025 $4.4150 $157.6786
Soybean Meal 11/13/2025 $328.40
DDG Weekly Average Spot Price 11/13/2025 $152.00
DDG Value Relative to: 11/13 11/6
Corn 0.964% 0.976%
Soybean Meal 46.29% 46.99%
Cost Per Unit of Protein:
DDG $5.63 5.52
Soybean Meal $6.91 6.68
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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