SJ_GR113
Des Moines, IA     Tue, Aug 13, 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  3.7325-3.9525  DN 26-DN 22      -12U to 10U        DN 1-UP 3
Iowa-Western  3.6525-4.0025  DN 30-DN 25      -20U to 15U        DN 5-UNCH
Illinois      3.7825-4.1325  DN 25            -7U to 28U         UNCH
Indiana       4.1025-4.4025  DN 23-DN 25      25U to 55U         UP 2-UNCH
Ohio          4.3525-4.5025  DN 25            50U to 65U         UNCH
Michigan      3.8025-4.5725  DN 25            -5U to 72U         UNCH
Kansas        3.9025-4.2025  DN 25            5U to 35U          UNCH
Minnesota     3.5725-3.9025  DN 25            -28U to 5U         UNCH
Nebraska      3.5725-4.0525  DN 25            -28U to 20U        UNCH
Wisconsin     3.5525-3.9025  DN 24-DN 25      -30U to 5U         UP 1-UNCH
South Dakota  3.6525-4.0125  DN 23-DN 25      -20U to 16U        UP 2-UNCH
Missouri      3.6525-4.0525  DN 34-DN 25      -20U to 20U        DN 9-UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.7025         DN 25            -15U               UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  120.00-125.00                   UNCH
Iowa-Western  115.00-150.00                   UNCH
Illinois      130.00-150.00                   UNCH
Indiana       117.00-136.00                   DN 6-DN 7
Ohio          126.00-135.00                   DN 7-DN 13
Michigan      125.00-150.00                   DN 3-UNCH
Kansas        125.00-155.00                   DN 10
Minnesota     110.00-130.00                   DN 5
Nebraska      125.00-135.00                   UNCH-DN 13
Wisconsin     120.00-135.00                   DN 5-DN 3
South Dakota  110.00-136.00                   DN 10-UNCH
Missouri      145.00-155.00                   UNCH-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      50.00-67.00                     UNCH-DN 2
Wisconsin     55.00                           UNCH
South Dakota  59.00-75.00                     DN 1.85-UNCH
Missouri      75.00                           DN 5

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  55.00-65.00                     UNCH
Illinois      46.00                           DN 1
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      NA                              NA
Kansas        35.00-65.00                     DN 15-UNCH
Minnesota     40.00                           UNCH
Nebraska      30.00-55.00                     UP 5-DN 1
Wisconsin     45.00                           UNCH
South Dakota  44.00                           UNCH
Missouri      47.00-55.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.34-1.53      DN 0.01-UP 0.08
ECB           1.34-1.40      DN 0.11-DN 0.07
Kansas        1.34-1.40      DN 0.02
Minnesota     1.35-1.38      UNCH-UP 0.03
Nebraska      1.34-1.43      DN 0.02-UP 0.01
Wisconsin     NA             NA
South Dakota  1.32           UP 0.03

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          24.00-26.00    UP 1-UP 0.5
ECB           23.50-26.00    UP 0.5-DN 0.5
Nebraska      24.00-25.00    UNCH
South Dakota  23.00-25.00    UNCH-DN 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, Des Moines, IA
        Staff  515-284-4460
        www.ams.usda.gov/mnreports/SJ_GR113.txt
        www.ams.usda.gov/LPSMarketNewsPage

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