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Market Matters Blog 10/16 12:20
DTN Weekly Average DDG Price Turns Lower
DTN's weekly average spot price for domestic distillers dried grains is
lower versus one week ago.
Mary Kennedy
DTN Basis Analyst
MINNEAPOLIS (DTN) -- The average DTN spot price for domestic distillers
dried grains (DDG) from 33 locations reporting for the week ended Oct. 15 was
$193 per short ton on average, down $4 versus one week ago. After a string of
higher prices, DDG prices moved lower as the cash corn price has been falling
and soybean meal moved lower. One merchandiser told DTN that demand for spot is
flat and this comes as plants return to full runtimes after fall maintenance.
The DTN National Average Corn Index is down 43 cents per bushel since the
end of September, while soybean meal futures price is down $6.00 per short ton
versus one week ago.
Based on the average of prices collected by DTN, the value of DDG relative
to corn for the week ended Oct. 15 was 1.131%. The value of DDG relative to
soybean meal was 53.64% and the cost per unit of protein for DDG was $7.15
compared to the cost per unit of protein for soybean meal at $7.57.
U.S. Grains and Bioproducts Council in its weekly distillers dried grains
with solubles (DDGS) export market prices report, showed November prices as of
Oct. 15: CIF NOLA barge price was down $7 at $262 metric ton (mt) versus one
week ago; FOB vessel Gulf price was down $4 at $285 mt; rail delivered PNW was
down $21 at $291; and rail delivered to California was down $24 at $286 mt.
The Energy Information Administration reported on Thursday, Oct. 15, that
overall ethanol production in the United States averaged 1.065 million bpd in
the week ended Oct. 9, up 12,000 bpd week-on-week and 9,000 bpd, or 0.8%, lower
than in the same week last year. Four-week average output at 1.038 million bpd
was 3,000 bpd below the same four weeks last year. Midwest ethanol production
remained unchanged at 1.01 million bpd, 14,000 bpd, or 1.4%, lower than in the
same week last year. Four-week average output at 982,000 bpd was 6,000 bpd
below the same four weeks last year.
NOTE: All prices subject to change/confirmation.
CURRENT PREVIOUS
CHANGE
ALL PRICES SUBJECT TO CONFIRMATION
10/15/2026 10/8/2026
COMPANY STATE
Bartlett and Company, Kansas City, MO (816 714 3413)
$195 $195 $0
Missouri Dry
$95 $95 $0
Wet
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
$190 $200
-$10
Dry
$90 $100
-$10
Wet
CHS, Minneapolis, MN (800-769-1066)
$205 $200 $5
Illinois Dry
$178 $180 -$2
Indiana Dry
$178 $180 -$2
Iowa Dry
$180 $185 -$5
Michigan Dry
$175 $175 $0
Minnesota Dry
$220 $215 $5
New York Dry
$185 $185 $0
South Dakota Dry
POET Nutrition, Sioux Falls, SD (888-327-8799)
$205 $210 -$5
Indiana Dry
$210 $220
-$10
Iowa Dry
$210 $215 -$5
Michigan Dry
$200 $210
-$10
Minnesota Dry
$215 $220 -$5
Missouri Dry
$205 $210 -$5
Ohio Dry
$205 $215
-$10
South Dakota Dry
$215 $215 $0
Nebraska Dry
United BioEnergy, Wichita, KS (316-616-3521)
$210 $215 -$5
Kansas Dry
$70 $72 -$2
Wet
$203 $210 -$7
Ill Dry
$205 $210 -$5
Nebraska Dry
$70 $75 -$5
Wet
U.S. Commodities, Minneapolis, MN (888-293-1640)
$185 $195
-$10
Illinois Dry
$185 $190 -$5
Indiana Dry
$180 $185 -$5
Iowa Dry
$185 $190 -$5
Michigan Dry
$170 $175 -$5
Minnesota Dry
$185 $190 -$5
Nebraska Dry
$185 $190 -$5
New York Dry
$185 $195
-$10
North Dakota Dry
$185 $185 $0
Ohio Dry
$180 $185 -$5
South Dakota Dry
$170 $175 -$5
Wisconsin Dry
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
$175 $175 $0
FOB Pickett Dry
Western Kansas
$225 $228 -$3
Dry
$72 $76 -$4
Wet
Western Milling
$277 $284 -$7
California SUBJ Dry
$193 $197 -$4
**Weekly Average:
(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.
NOTE: Prices are based off the futures market with the highest volume.
VALUE OF DDG VS. CORN & SOYBEAN MEAL
Settlement Price: Quote Date Bushel Short Ton
Corn 10/15/2026 $4.7800 $170.7143
Soybean Meal 10/15/2026 $359.80
DDG Weekly Average Spot Price 10/15/2026 $193.00
DDG Value Relative to: 10/15 10/8
Corn 1.131% 1.087%
Soybean Meal 53.64% 55.19%
Cost Per Unit of Protein:
DDG $7.15 $7.22
Soybean Meal $7.57 $7.44
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 social platform X @MaryCKenn
(c) Copyright 2026 DTN, LLC. All rights reserved.
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