SJ_GR113
Des Moines, IA     Tue, Apr 16, 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  3.4675-3.6275  UP 1.75-UP 5.75  -16K to OptK       UNCH-UP 4
Iowa-Western  3.3475-3.5975  UP 1.75          -28K to -3K        UNCH
Illinois      3.4275-3.7075  UP 1.75          -20K to 8K         UNCH
Indiana       3.6275-3.7875  UP 1.75-DN 0.25  OptK to 16K        UNCH-DN 2
Ohio          3.5775-3.7475  UP 1.75          -5K to 12K         UNCH
Michigan      3.4175-3.7275  UP 1.75          -21K to 10K        UNCH
Kansas        3.7075-3.8775  UP 4.75-UP 1.75  8K to 25K          UP 3-UNCH
Minnesota     3.2975-3.5975  UP 1.75-UP 6.75  -33K to -3K        UNCH-UP 5
Nebraska      3.1975-3.6775  UP 1.75-UP 6.75  -43K to 5K         UNCH-UP 5
Wisconsin     3.2675-3.3875  UP 1.75          -36K to -24K       UNCH
South Dakota  3.2775-3.4875  DN 2.25-UP 2.75  -35K to -14K       DN 4-UP 1
Missouri      3.4275-3.7775  UP 1.75          -20K to 15K        UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.4275-3.4775  UP 1.75          -20K to -15K       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  130.00                          UNCH
Iowa-Western  125.00-145.00                   UNCH
Illinois      139.00-165.00  148.00-155.00    UNCH-DN 2
Indiana       119.00-148.00  145.00-155.00    DN 9-DN 2
Ohio          138.00-144.00                   UP 1-UNCH
Michigan      125.00-140.00  128.00-138.00    UNCH
Kansas        145.00-185.00                   UNCH
Minnesota     127.00-138.00                   DN 1-UNCH
Nebraska      135.00-161.00  140.00-150.00    UNCH
Wisconsin     127.00-135.00                   DN 3-UNCH
South Dakota  130.00-145.00                   UNCH
Missouri      145.00-150.00  152.00-155.00    UNCH-DN 9

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  65.00                           UNCH
Iowa-Western  57.00-77.00                     UNCH
Illinois      NA                              NA
Indiana       75.00                           UNCH
Ohio          NA                              NA
Michigan      62.00-65.00                     UNCH
Kansas        NA                              NA
Minnesota     65.00                           UNCH
Nebraska      64.00-81.00    69.00-80.00      UNCH
Wisconsin     60.00-70.00                     UNCH
South Dakota  65.00-75.00                     DN 1-UNCH
Missouri      77.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  40.00-52.00                     UNCH
Illinois      40.00-55.00                     UNCH-DN 3
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      60.00                           UNCH
Kansas        58.00-71.00                     UP 3-UNCH
Minnesota     40.00-48.00                     UNCH
Nebraska      45.00-54.00                     UP 5-DN 1
Wisconsin     45.00                           DN 3
South Dakota  42.00                           UNCH
Missouri      50.00-60.00                     DN 3-UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.19-1.40      UP 0.01-UP 0.02
ECB           1.25-1.36      DN 0.03-DN 0.05
Kansas        1.19-1.25      UP 0.01-UP 0.02
Minnesota     1.20           DN 0.04
Nebraska      1.19-1.35      UP 0.01-UNCH
Wisconsin     1.35           UP 0.13
South Dakota  1.18           DN 0.04

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          25.00-27.00    UP 1.5-UP 1
ECB           24.50-26.00    UP 1-DN 0.5
Nebraska      24.00-26.00    UP 0.5-UNCH
South Dakota  24.00-25.00    UP 0.5-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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