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More Distillers Grains Heading North

Posted on June 28, 2009

Poor crop conditions and higher grain prices north of the border are causing an uptick in exports of the ethanol co-product dried distillers grains (DDGS) to Canada. According to the U.S. Grains Council, 350 cars containing approximately 31,500 metric tons of DDGS were purchased last week by Canada's largest distiller's grains importer, Rycom Trading Ltd. Ryan Slozka, senior trader at Rycom says that poor weather has caused inadequate pasture conditions in Canada this year. Western Canadian feeders rely heavily on U.S. DDGS and now possibly whole corn, which we are watching closely. We wi...

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ethanol , trading