SJ_GR113
St Joseph, MO     Tue, Jan 21, 2020     USDA-MO 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  3.7425-3.8925  UP 13.75-UP 11.75-15H to OptH       UNCH-DN 2
Iowa-Western  3.7425-4.0025  UP 13.75         -15H to 11H        UNCH
Illinois      3.8125-4.1525  UP 16.75-UP 13.75-8H to 26H         UP 3-UNCH
Indiana       3.8025-4.2125  UP 13.75-UP 10.75-9H to 32H         UNCH-DN 3
Ohio          4.1725-4.2425  UP 16.75-UP 13.7528H to 35H         UP 3-UNCH
Michigan      3.9925-4.2925  UP 38.75-UP 13.7510H to 40H         UP 25-UNCH
Kansas        3.9425-4.1425  UP 13.75         5H to 25H          UNCH
Minnesota     3.5125-3.9125  UP 2.75-UP 13.75 -38H to 2H         DN 11-UNCH
Nebraska      3.6925-3.9525  UP 13.75-UP 16.75-20H to 6H         UNCH-UP 3
Wisconsin     3.6925-3.7925  UP 13.75         -20H to -10H       UNCH
South Dakota  3.4825-3.9425  UP 15.75-UP 13.75-41H to 5H         UP 2-UNCH
Missouri      3.7925-3.9925  UP 15.75-UP 13.75-10H to 10H        UP 2-UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.6425-3.6625  UP 13.75         -25H to -23H       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  135.00-140.00                   UNCH
Iowa-Western  135.00-158.00  135.00-145.00    UNCH
Illinois      150.00-175.00  150.00-160.00    UNCH
Indiana       139.00-161.00             150.00DN 5
Ohio          152.00-160.00                   UP 2-UNCH
Michigan      145.00-155.00  142.00-145.00    UNCH
Kansas        145.00-180.00  148.00-155.00    UNCH
Minnesota     135.00-142.00                   UNCH
Nebraska      150.00-167.00  150.00-160.00    UNCH
Wisconsin     140.00-144.00                   UNCH-UP 1
South Dakota  130.00-148.00                   UNCH-DN 2
Missouri      160.00-169.00                   UP 2-UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  70.00                           UNCH
Iowa-Western  60.00-75.00    68.00-72.00      UNCH
Illinois      NA                              NA
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      60.00                           UNCH
Kansas        NA                              NA
Minnesota     65.00                           UNCH
Nebraska      70.00-86.00    70.00-80.00      UNCH
Wisconsin     64.00                           UP 2
South Dakota  70.00-78.50                     UNCH
Missouri      83.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  41.00-65.00    45.00-50.00      UNCH
Illinois      58.00                           UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      NA                              NA
Kansas        45.00-65.00    55.00-65.00      UNCH
Minnesota     43.00                           UNCH
Nebraska      40.00-60.00    42.00-56.00      UNCH
Wisconsin     50.00                           UNCH
South Dakota  45.00                           UNCH
Missouri      55.00-58.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.16-1.30      UNCH
ECB           1.25-1.32      DN 0.02-DN 0.01
Kansas        1.16-1.22      UNCH
Minnesota     1.17-1.19      UNCH-DN 0.03
Nebraska      1.16-1.24      UNCH-UP 0.01
Wisconsin     1.32           No Comp
South Dakota  1.17           UNCH

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          24.00-26.50    UNCH
ECB           25.00-27.00    UP 2-UNCH
Nebraska      24.00-26.50    UNCH-UP 1.5
South Dakota  24.00-26.00    UP 0.5

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, St Joseph, MO
        Staff  816-676-7000
        www.ams.usda.gov/mnreports/SJ_GR113.txt
        www.ams.usda.gov/LPSMarketNewsPage

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