SJ_GR113 Des Moines, IA Tue, May 14, 2019 USDA-IA Dept of Ag Market News National Daily Ethanol Report Corn is spot bid at selected Ethanol plants as of 8:00 A.M. Distiller grains with Solubles (DGS) is FOB the plant. Ethanol is the spot market, FOB the plant. Prices quoted: corn dollars/bushel, DGS dollars/ton, ethanol dollars/gallon, corn oil cents/pound. Yellow Corn Bids Change (¢/bu) Basis Change Iowa-Eastern 3.3050-3.4850 UP 4.75 -26N to -8N UNCH Iowa-Western 3.3150-3.5650 UP 4.75 -25N to OptN UNCH Illinois 3.3550-3.5750 UP 4.75 -21N to 1N UNCH Indiana 3.5150-3.7150 UP 4.75 -5N to 15N UNCH Ohio 3.5650-3.6350 UP 7.75-UP 4.75 OptN to 7N UP 3-UNCH Michigan 3.3250-3.6250 UP 4.75 -24N to 6N UNCH Kansas 3.6150-3.7650 UP 4.75 5N to 20N UNCH Minnesota 3.1750-3.5150 UP 4.75-UP 9.75 -39N to -5N UNCH-UP 5 Nebraska 3.1650-3.6250 UP 4.75-UP 5.75 -40N to 6N UNCH-UP 1 Wisconsin 3.2050-3.3050 UP 6.75 -36N to -26N UP 2 South Dakota 3.2350-3.4850 UP 4.75-UP 6.75 -33N to -8N UNCH-UP 2 Missouri 3.3650-3.6150 DN 0.25-UP 7.75 -20N to 5N DN 5-UP 3 Sorghum (Milo) Bids Change (¢/bu) Basis Change Kansas 3.3650 UP 4.75 -20N UNCH Missouri NA NA NA NA Dried Distillers Grain (10% Moisture) Offers Mostly Change ($/ton) Iowa-Eastern 110.00-115.00 UNCH Iowa-Western 110.00-130.00 UNCH Illinois 122.00-150.00 DN 3-UP 2 Indiana 120.00-130.00 UP 9-DN 7 Ohio 120.00-132.00 UNCH Michigan 112.00-126.00 DN 8-DN 4 Kansas 115.00-155.00 DN 5-UNCH Minnesota 100.00-110.00 DN 10-DN 8 Nebraska 105.00-124.00 UNCH Wisconsin 120.00-130.00 UNCH-DN 2 South Dakota 105.00-119.50 DN 5-DN 10.5 Missouri 120.00-130.00 DN 5-UNCH Modified Wet Distillers Grain (50-55% Moisture) Offers Mostly Change ($/ton) Iowa-Eastern 60.00-63.00 UNCH Iowa-Western 50.00-63.00 UNCH Illinois NA NA Indiana 68.00 DN 2 Ohio NA NA Michigan 55.00-60.00 DN 5-UNCH Kansas NA NA Minnesota 60.00 UNCH Nebraska 53.00-61.00 UNCH Wisconsin 52.00-70.00 DN 3-UNCH South Dakota 57.00-58.00 DN 2-DN 11.5 Missouri 70.00 UNCH Wet Distillers Grain (65-70% Moisture) Offers Mostly Change ($/ton) Iowa-Eastern NA NA Iowa-Western 35.00-45.00 UNCH Illinois 20.00 DN 20-DN 30 Indiana NA NA Ohio NA NA Michigan 60.00 UNCH Kansas 45.00-62.00 UNCH-DN 2 Minnesota 40.00-48.00 UNCH Nebraska 30.00-55.00 UNCH Wisconsin 43.00 UNCH South Dakota 42.00 UNCH Missouri 42.00-60.00 UNCH Ethanol Offers Change ($/gal) Iowa 1.17-1.35 UP 0.01-UP 0.02 ECB 1.30-1.33 UP 0.09-DN 0.04 Kansas 1.17-1.60 UP 0.01-UP 0.33 Minnesota 1.23 UP 0.02 Nebraska 1.18-1.23 UP 0.02-DN 0.04 Wisconsin NA NA South Dakota 1.21 UP 0.02 Distillers Corn Oil (DCO) Offers Change (¢/lb) Iowa 24.00-26.00 UNCH-DN 1 ECB 24.00-26.00 UNCH-DN 0.5 Nebraska 26.00 UP 0.5-UNCH South Dakota 25.00 UP 0.5-DN 0.25 Bio-Energy Report Notes: Protein content 28-30% for most distiller grains on a dry matter basis. Modified Wet Distillers Grain is a partially dried product. Wet Distillers Grain is a non-dried product. Distillers corn oil is intended for animal feed or biofuel and is not Generally Regarded As Safe (GRAS) for human consumption. It may also be referred to as inedible crude corn oil or crude corn oil. Yellow Corn = US #2 Chicago Board of Trade month symbols: F January, G February, H March, J April, K May, M June, N July, Q August, U September, V October, X November, Z December Source: USDA Market News Service, Des Moines, IA Staff 515-284-4460         www.ams.usda.gov/mnreports/SJ_GR113.txt         www.ams.usda.gov/LPSMarketNewsPage 1039Cnjb