For the Quarter Ending March 2026
Distillers Corn Oil (DCO) Prices in North America
- In United States, the Distillers Corn Oil (DCO) Price Index rose quarter-over-quarter in Q1 2026, driven by expanding mandates.
- The Distillers Corn Oil (DCO) Price Forecast indicators strengthened in March 2026 as headline CPI increased to 3.3 percent.
- The Distillers Corn Oil (DCO) Production Cost Trend escalated in March 2026 as producer prices rose 4.0 percent.
- The Distillers Corn Oil (DCO) Demand Outlook remained robust in Q1 2026 as the March 2026 Manufacturing Index expanded.
- Industrial production grew 0.7 percent in March 2026, sustaining baseline commercial transportation and the Distillers Corn Oil (DCO) Price Index.
- Retail sales grew 4.0 percent in March 2026, incentivizing higher ethanol production and increasing domestic supply availability.
- A stable unemployment rate of 4.3 percent in March 2026 sustained consumer purchasing power for animal feed applications.
- Consumer confidence stood at 91.8 in March 2026, supporting steady non-discretionary spending and baseline feed demand.
Why did the price of Distillers Corn Oil (DCO) change in March 2026 in North America?
- Global crude oil benchmarks surged in March 2026, boosting the economic attractiveness of biofuel blending.
- Agricultural input costs surged in March 2026, with fertilizer futures spiking due to supply disruptions.
- Domestic sourcing of biofuel feedstocks strengthened in Q1 2026 as regulatory frameworks favored local supplies.
Distillers Corn Oil (DCO) Prices in APAC
- In China, the Distillers Corn Oil (DCO) Price Index fell quarter-over-quarter in Q1 2026, driven by softening biodiesel demand.
- During March 2026, the Consumer Price Index rose 1.0% year-over-year, while the Producer Price Index increased 0.5%.
- The Manufacturing Index expanded in March 2026, alongside a solid 5.7% year-over-year increase in industrial production.
- Retail sales grew 1.7% year-over-year in March 2026, while the national unemployment rate reached 5.4%.
- Consumer confidence hit 91.6 in February 2026, suppressing the Distillers Corn Oil (DCO) Demand Outlook for transportation.
- The Distillers Corn Oil (DCO) Production Cost Trend remained stable throughout Q1 2026 amid adequate domestic corn availability.
- Chinese imports of corn surged year-over-year in Q1 2026, although tradable corn inventories gradually tightened.
- The Distillers Corn Oil (DCO) Price Forecast remained cautious in Q1 2026 as Middle East conflicts injected risk premiums.
Why did the price of Distillers Corn Oil (DCO) change in March 2026 in APAC?
- Biodiesel demand from the transportation fuel blending sector softened across Northeast Asia in Q1 2026.
- Chinese biodiesel traders completely paused their procurement activity amid rising geopolitical uncertainty during Q1 2026.
- Chinese exports of biodiesel and mixtures thereof decreased month-over-month during February 2026, reducing overall consumption.
Distillers Corn Oil (DCO) Prices in Europe
- In Germany, the Distillers Corn Oil (DCO) Price Index rose quarter-over-quarter in Q1 2026, driven by surging costs.
- The Distillers Corn Oil (DCO) Production Cost Trend increased in March 2026 as inflation reached 2.7%.
- The Distillers Corn Oil (DCO) Demand Outlook strengthened in Q1 2026, supported by a 4.2% unemployment rate.
- An expanding Manufacturing Index in March 2026 drove freight, increasing Distillers Corn Oil (DCO) biofuel consumption.
- Retail sales grew 0.7% in February 2026, maintaining steady Distillers Corn Oil (DCO) demand for animal feed.
- Stagnant industrial production at 0.0% in February 2026 capped incremental Distillers Corn Oil (DCO) industrial chemical applications.
- Negative consumer confidence at -24.7 in March 2026 threatened premium protein and Distillers Corn Oil (DCO) demand.
- Producer prices declined 0.2% in March 2026, easing upstream costs for Distillers Corn Oil (DCO) downstream blenders.
- The Distillers Corn Oil (DCO) Price Forecast remained bullish in Q1 2026 amid tightened corn harvest yields.
Why did the price of Distillers Corn Oil (DCO) change in March 2026 in Europe?
- Natural gas utility costs surged in March 2026, elevating Distillers Corn Oil (DCO) extraction expenses.
- Renewable diesel blending demand strengthened in Germany during Q1 2026 amid strict national environmental regulations.
- Corn feedstock supply tightened across the European Union in February 2026, constraining domestic production availability.
For the Quarter Ending December 2025
Distillers Corn Oil (DCO) Prices in North America
- In United States, the Distillers Corn Oil (DCO) Price Index rose quarter-over-quarter in Q4 2025, influenced by increasing production costs.
- DCO production costs increased in Q4 2025, as the Producer Price Index rose 3.0% year-over-year in November 2025.
- The Consumer Price Index rose 2.7% year-over-year in December 2025, contributing to higher DCO production expenses.
- DCO demand outlook was supported by a 2.0% year-over-year increase in industrial production in December 2025.
- Retail sales increased 3.3% year-over-year in November 2025, bolstering DCO demand in animal feed applications.
- The unemployment rate of 4.4% in December 2025 supported consumer spending, indirectly benefiting DCO demand.
- Record U.S. corn production in 2025 exerted downward pressure on corn prices, stabilizing DCO feedstock costs.
- Overall ethanol inventory increased in late December 2025, influencing Distillers Corn Oil co-product availability.
Why did the price of Distillers Corn Oil (DCO) change in December 2025 in North America?
- Producer input costs for DCO rose; PPI increased 3.0% year-over-year in November 2025.
- CPI rose 2.7% year-over-year in December 2025, increasing DCO production expenses.
- Record U.S. corn production in 2025 stabilized feedstock prices, mitigating cost pressures.
Distillers Corn Oil (DCO) Prices in APAC
- In China, the Distillers Corn Oil (DCO) Price Index fell in Q4 2025 to 1640 USD/MT, reflecting subdued consumer spending and ample corn supplies.
- Domestic corn feedstock costs experienced a mild rebound at the close of 2025, but remained suppressed overall.
- Domestic fuel ethanol demand weakened in 2025, influenced by increasing electric vehicle adoption.
- Animal feed consumption demand remained robust in November 2025, supporting DCO usage.
- Deflationary pressures, indicated by a -1.9% PPI in December 2025, impacted DCO pricing.
- Weak retail sales, up 0.9% in December 2025, suggested subdued consumer spending.
- Biodiesel export volumes collapsed in 2025 following EU anti-dumping duties.
- Ample domestic corn stocks and new season inflows bolstered inventories in Q4 2025.
- Industrial production rose 5.2% in December 2025, indicating stronger industrial activity.
- The Manufacturing Index expanded in December 2025, suggesting growth in industrial output.
Why did the price of Distillers Corn Oil (DCO) change in December 2025 in APAC?
- Subdued consumer spending, with CPI at 0.8% in December 2025, dampened overall demand.
- Deflationary pressures, shown by a -1.9% PPI in December 2025, impacted producer pricing.
- Ample domestic corn supplies and suppressed feedstock costs eased production cost pressures.
Distillers Corn Oil (DCO) Prices in Europe
- In Germany, the Distillers Corn Oil (DCO) Price Index rose in Q4 2025, influenced by rising production costs.
- DCO production costs increased in Q4 2025, driven by an upward trend in nearby CBOT corn futures.
- Elevated industrial electricity prices in Germany in 2025 contributed to higher DCO manufacturing costs.
- DCO demand outlook was supported by growing European biofuels mandates and Germany's GHG reduction requirements in Q4 2025.
- Germany's Manufacturing Index was contracting in December 2025, signaling a slowdown in overall economic activity.
- Consumer confidence declined to -17.5 in December 2025, impacting demand for DCO's end-use applications.
- Retail sales grew by 1.1% in November 2025, indicating stable consumer spending supporting DCO-related end-products.
- Industrial production increased by 0.8% in October 2025, indicating stable underlying demand from the industrial sector.
- The unemployment rate of 6.2% in December 2025 indicated economic headwinds, impacting overall DCO demand.
Why did the price of Distillers Corn Oil (DCO) change in December 2025 in Europe?
- Nearby CBOT corn futures experienced an upward trend in Q4 2025, increasing DCO feedstock costs.
- Industrial electricity prices in Germany remained elevated in 2025, raising DCO operational costs.
- Despite a 2.5% PPI decline, a 1.8% CPI increase in December 2025 impacted DCO operational expenses.
For the Quarter Ending September 2025
Distillers Corn Oil (DCO) Prices in North America
- In the United States, the Distillers Corn Oil (DCO) Price Index remained stable quarter-over-quarter in Q3 2025.
- DCO production costs declined in Q3 2025, driven by robust corn production forecasts and lower corn feedstock costs.
- Animal feed demand for DCO strengthened in Q3 2025, supported by increased broiler production and strong retail sales (5.42% YoY, September 2025).
- Conversely, DCO demand from the biodiesel and renewable diesel sectors softened and weakened during Q3 2025.
- Ethanol production remained stable in Q3 2025, with slight capacity increase, influencing DCO co-product supply.
- Rising Consumer Price Index (3% YoY, September 2025) and Producer Price Index (2.6% YoY, August 2025) indicated increased operational costs for DCO producers.
- A low unemployment rate (4.3%, September 2025) supported consumer spending, while declining consumer confidence (94.2 index, September 2025) posed headwinds.
- Industrial production showed marginal growth (0.1% YoY, September 2025), indicating limited demand pull for DCO in industrial applications.
Why did the price of Distillers Corn Oil (DCO) change in September 2025 in North America?
- DCO production costs decreased due to robust corn production and declining corn feedstock costs in Q3 2025.
- Animal feed demand strengthened, supported by increased broiler production and strong retail sales (5.42% YoY, September 2025).
- Softened biodiesel and weakened renewable diesel demand partially offset positive animal feed market trends.
Distillers Corn Oil (DCO) Prices in APAC
- In China, the Distillers Corn Oil (DCO) Price Index fell quarter-over-quarter in Q3 2025, influenced by producer deflation of -2.3% in September.
- DCO production costs were stable-to-soft in Q3 2025, despite Dalian Commodity Exchange corn futures trending higher August-September.
- Animal feed demand for DCO strengthened in Q3 2025, driven by ongoing swine restocking and expanding livestock industry.
- China's Manufacturing Index contracted in September 2025, indicating reduced industrial activity and lower raw material demand.
- Industrial production expanded 6.5% year-on-year in September 2025, supporting DCO demand for industrial applications.
- Consumer Price Index (CPI) decreased -0.3% in September 2025, reflecting weak consumer demand and bearish consumer confidence.
- Biodiesel exports from China plummeted in 2025 due to EU anti-dumping duties, significantly reducing DCO demand.
Why did the price of Distillers Corn Oil (DCO) change in September 2025 in APAC?
- Persistent producer deflation, with Producer Price Index declining -2.3% in September 2025, exerted downward pressure on DCO prices.
- Contracting Manufacturing Index in September 2025 reduced industrial demand for DCO and related oleochemicals.
- Plummeting biodiesel exports from China in 2025, due to EU duties, significantly curtailed DCO demand.
Distillers Corn Oil (DCO) Prices in Europe
- In Germany, the Distillers Corn Oil (DCO) Price Index remained stable in Q3 2025, balancing subdued feedstock costs and mixed demand.
- DCO production costs rose from strengthening German electricity and elevated European natural gas prices in Q3 2025.
- Lower producer prices, down 1.7% year-over-year in September 2025, partially mitigated DCO cost increases.
- Animal feed demand strengthened in Q3 2025, supported by 0.2% retail sales growth and stable 6.3% unemployment.
- Manufacturing Index contracted in Q3 2025; industrial production declined 1.0% in September 2025, impacting DCO demand.
- European corn feedstock prices remained subdued in September 2025, with maize inventories increasing in major markets.
- Uncertainty regarding German biofuel legislation created cautious DCO demand in Q3 2025, affecting its price forecast.
- Overall inflation, with Consumer Price Index up 2.4% year-over-year in September 2025, increased DCO costs and reduced consumer purchasing.
Why did the price of Distillers Corn Oil (DCO) change in September 2025 in Europe?
- Subdued European corn feedstock prices in September 2025 eased DCO production costs.
- Strengthening German electricity and elevated European natural gas prices in Q3 2025 increased ethanol output costs.
- Increased animal feed demand in Q3 2025, supported by stable unemployment, provided DCO price support.
