SJ_GR113
Des Moines, IA     Tue, Aug 20, 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  3.5500-3.7900  DN 6-DN 5        -10U to 14U        UNCH-UP 1
Iowa-Western  3.4000-3.8000  DN 6             -25U to 15U        UNCH
Illinois      3.6000-3.9000  DN 6             -5U to 25U         UNCH
Indiana       3.8000-4.2400  DN 6             15U to 59U         UNCH
Ohio          4.1000-4.3500  DN 6             45U to 70U         UNCH
Michigan      3.6000-4.4200  DN 6-DN 1        -5U to 77U         UNCH-UP 5
Kansas        3.7000-4.0000  DN 6             5U to 35U          UNCH
Minnesota     3.4000-3.7500  DN 6             -25U to 10U        UNCH
Nebraska      3.4000-3.8500  DN 6             -25U to 20U        UNCH
Wisconsin     3.3500-3.7000  DN 6             -30U to 5U         UNCH
South Dakota  3.4500-3.8100  DN 6             -20U to 16U        UNCH
Missouri      3.5500-3.8500  DN 5-DN 6        -10U to 20U        UP 1-UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.5000         DN 6             -15U               UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  115.00-135.00                   UNCH
Iowa-Western  115.00-140.00                   UNCH
Illinois      122.00-140.00  130.00-135.00    UNCH-UP 5
Indiana       117.00-136.00  127.00-136.00    UNCH
Ohio          126.00-135.00                   UNCH
Michigan      115.00-140.00  122.00-132.00    UNCH
Kansas        125.00-150.00                   UNCH-DN 5
Minnesota     110.00-120.00                   UNCH-DN 10
Nebraska      120.00-136.00                   UNCH
Wisconsin     115.00-135.00                   DN 5-UNCH
South Dakota  110.00-129.00  120.00-129.00    UNCH
Missouri      140.00-150.00                   DN 5

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  60.00-67.00                     UNCH
Iowa-Western  55.00-65.00                     UNCH
Illinois      NA                              NA
Indiana       68.00                           UNCH
Ohio          NA                              NA
Michigan      70.00                           UNCH
Kansas        NA                              NA
Minnesota     60.00                           UNCH
Nebraska      50.00-67.50                     UNCH
Wisconsin     53.00                           DN 2
South Dakota  57.73-73.00                     DN 1.27-UNCH
Missouri      75.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  55.00-65.00                     UNCH
Illinois      45.00                           DN 1
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      NA                              NA
Kansas        35.00-65.00                     UNCH
Minnesota     40.00                           UNCH
Nebraska      30.00-58.00                     UNCH-UP 3
Wisconsin     42.00                           DN 3
South Dakota  44.00                           UNCH
Missouri      45.00-55.00                     DN 2-UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.18-1.42      DN 0.16-DN 0.11
ECB           1.30-1.35      DN 0.04-DN 0.05
Kansas        1.18-1.24      DN 0.16
Minnesota     1.26           DN 0.09-DN 0.12
Nebraska      1.18-1.40      DN 0.16-DN 0.03
Wisconsin     NA             NA
South Dakota  1.20-1.21      DN 0.12-DN 0.11

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          23.00-26.00    DN 1-UNCH
ECB           24.00-25.00    UP 0.5-DN 1
Nebraska      24.00-25.00    UNCH
South Dakota  23.00-25.00    UNCH

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

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