SJ_GR113
Des Moines, IA     Fri, Aug 23, 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  3.5325-3.8725  UP 0.75          -10U to 24U        UNCH
Iowa-Western  3.3825-3.8125  UP 0.75-UP 3.75  -25U to 18U        UNCH-UP 3
Illinois      3.6025-3.8825  UP 0.75          -3U to 25U         UNCH
Indiana       3.7825-4.0825  UP 0.75          15U to 45U         UNCH
Ohio          4.1825-4.3325  UP 0.75          55U to 70U         UNCH
Michigan      3.5825-4.4025  UP 0.75          -5U to 77U         UNCH
Kansas        3.6825-3.9825  UP 0.75          5U to 35U          UNCH
Minnesota     3.3825-3.7325  UP 0.75          -25U to 10U        UNCH
Nebraska      3.3825-3.9325  UP 0.75          -25U to 30U        UNCH
Wisconsin     3.3525-3.6825  UP 2.75-UP 0.75  -28U to 5U         UP 2-UNCH
South Dakota  3.4325-3.7925  UP 0.75          -20U to 16U        UNCH
Missouri      3.5325-3.8325  UP 0.75          -10U to 20U        UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.4825         UP 0.75          -15U               UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  115.00-130.00                   UNCH-DN 5
Iowa-Western  110.00-135.00                   DN 5
Illinois      122.00-140.00  130.00-135.00    UNCH
Indiana       112.00-135.00                   UNCH
Ohio          121.00-130.00                   UNCH
Michigan      115.00-140.00  122.00-132.00    UNCH
Kansas        130.00-150.00                   UNCH
Minnesota     110.00-125.00                   UNCH
Nebraska      120.00-136.00                   UNCH
Wisconsin     115.00-135.00                   UNCH
South Dakota  110.00-129.00  120.00-129.00    UNCH
Missouri      140.00-150.00                   UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  60.00-63.00                     UNCH-DN 4
Iowa-Western  52.00-63.00                     DN 3-DN 2
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                           UNCH
South Dakota  57.73-73.00                     UNCH
Missouri      75.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  42.00-55.00                     DN 13-DN 10
Illinois      45.00                           UNCH
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
Wisconsin     42.00                           UNCH
South Dakota  44.00                           UNCH
Missouri      45.00-55.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.22-1.33      UP 0.04-DN 0.09
ECB           1.35-1.39      UP 0.05-UP 0.04
Kansas        1.22-1.29      UP 0.04-UP 0.05
Minnesota     1.16-1.26      DN 0.1-UNCH
Nebraska      1.22-1.33      UP 0.04-DN 0.06
Wisconsin     1.29-1.35      No Comp
South Dakota  1.11           DN 0.09-DN 0.1

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          23.00-25.00    UNCH-DN 1
ECB           23.00-26.00    DN 1-UP 1
Nebraska      24.50-25.00    UP 0.5-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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