<p>Now that Chinese New Year is over, and traders are back in the office, we have started to see more buying, especially in the container markets destined for Asia. The Chinese Anti-dumping case is progressing, and the possibility of tariffs being enacted at any day has buyers proceeding cautiously, so as to not be caught with product en route when an announcement is made. Consequently, the nearby time slots are the most desired-get product in before an announcement, and it should be worth more.</p>
<p>There has been a lot more demand from Mexico lately. The country has been the steadiest U.S. customer for quite a while.&nbsp; California dairies are still not making much, if any, money, so that demand is hand to mouth.&nbsp; Domestic rail cars are moving very efficiently, allowing buyers to keep a thin pipeline-has been a fairly easy winter. River barge service to the upper Midwest should commence around mid-March, and would expect to see some early tons move down the river to the Gulf.&nbsp; Domestically, DDGS are hovering right around 95 to 105 percent the value of local corn, which keeps demand pretty steady in the U.S. Internationally, vessel and container freight rates are literally at all-time lows. It is a very tough time to be ship owner or container line.&nbsp;</p>
<p>Looking ahead, China announcements will be sure to influence the market. Planting conditions and farmer marketing decisions will likely influence prices, but would expect decisions from Beijing to impact prices the most this spring.&nbsp;</p>
<table border="0" cellspacing="0" cellpadding="0" width="444">
<colgroup><col width="95"></col> <col width="107"></col> <col width="119"></col> <col width="123"></col> </colgroup> 
<tbody>
<tr height="20">
<td width="95" height="20">LOCATION</td>
<td class="xl68" width="107">March 2016</td>
<td class="xl68" width="119">February 2015</td>
<td class="xl68" width="123">March 2015</td>
</tr>
<tr height="20">
<td height="20">Minnesota</td>
<td class="xl67">120</td>
<td class="xl67">110</td>
<td class="xl67">160</td>
</tr>
<tr height="20">
<td height="20">Chicago</td>
<td class="xl67">140</td>
<td class="xl67">140</td>
<td class="xl67">192</td>
</tr>
<tr height="20">
<td height="20">Buffalo, N.Y.</td>
<td class="xl67">120</td>
<td class="xl67">130</td>
<td class="xl67">195</td>
</tr>
<tr height="20">
<td height="20">Central Calif.</td>
<td class="xl67">187</td>
<td class="xl67">178</td>
<td class="xl67">246</td>
</tr>
<tr height="20">
<td height="20">Central Fla.</td>
<td class="xl67">152</td>
<td class="xl67">153</td>
<td class="xl67">228</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>

2016/02/DDGS-load-truck_14565059147176_largethumb.JPG

2016/02/DDGS-load-truck_14565059147176_thumb.JPG

2016/02/DDGS-load-truck_14565059147176.JPG

Looking ahead, China announcements will be sure to influence the market. Planting conditions and farmer marketing decisions will likely influence prices, but would expect decisions from Beijing to impact prices the most this spring. 

Commodities: DDGS buying at a steady clip

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