SJ_GR113
Des Moines, IA     Wed, Oct 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  3.8325-3.9725  DN 4.5           -10Z to 4Z         UNCH
Iowa-Western  3.7125-4.1325  DN 6.5-DN 4.5    -22Z to 20Z        DN 2-UNCH
Illinois      3.8025-4.0525  DN 4.5           -13Z to 12Z        UNCH
Indiana       3.8425-4.2825  DN 4.5           -9Z to 35Z         UNCH
Ohio          4.1825-4.4325  DN 4.5           25Z to 50Z         UNCH
Michigan      3.7825-4.3325  DN 4.5           -15Z to 40Z        UNCH
Kansas        3.6825-4.2825  DN 4.5           -25Z to 35Z        UNCH
Minnesota     3.7025-3.9825  DN 4.5           -23Z to 5Z         UNCH
Nebraska      3.6325-4.1325  DN 4.5           -30Z to 20Z        UNCH
Wisconsin     3.6325-3.9825  DN 4.5-UP 0.5    -30Z to 5Z         UNCH-UP 5
South Dakota  3.6825-4.0125  DN 4.5           -25Z to 8Z         UNCH
Missouri      3.5825-3.8825  DN 4.5           -35Z to -5Z        UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.6325-3.7825  DN 4.5           -30Z to -15Z       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  135.00-140.00                   UNCH
Iowa-Western  135.00-155.00                   UNCH
Illinois      130.00-150.00  130.00-140.00    UNCH-UP 3
Indiana       125.00-150.00  135.00-148.00    UP 15-UP 2
Ohio          135.00-152.00                   UP 19-UP 2
Michigan      135.00-150.00                   DN 1-UNCH
Kansas        135.00-165.00  135.00-155.00    UNCH
Minnesota     130.00-140.00                   DN 5
Nebraska      140.00-166.00  135.00-142.00    UNCH
Wisconsin     127.00-140.00                   UNCH
South Dakota  128.00-150.00                   DN 2-UNCH
Missouri      140.00-153.00                   UP 5-UP 6

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  70.00                           UNCH
Iowa-Western  60.00-75.00                     UNCH
Illinois      NA                              NA
Indiana       68.00                           UNCH
Ohio          NA                              NA
Michigan      70.00                           UNCH
Kansas        NA                              NA
Minnesota     62.00                           UNCH
Nebraska      55.00-80.00    60.00-70.00      UNCH
Wisconsin     57.00                           DN 1
South Dakota  58.00-75.00                     UP 1.8-DN 2
Missouri      73.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  50.00-55.00                     UNCH
Illinois      48.00                           UP 19
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      NA                              NA
Kansas        35.00-60.00    50.00-60.00      UNCH
Minnesota     45.00                           UNCH
Nebraska      40.00-60.00    43.00-54.00      UNCH
Wisconsin     45.00                           UP 1
South Dakota  44.00                           UNCH
Missouri      43.00-55.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.42-1.60      UNCH
ECB           1.52-1.64      DN 0.01-DN 0.04
Kansas        1.42-1.59      UNCH
Minnesota     1.46           UP 0.09-UP 0.06
Nebraska      1.35-1.57      UNCH
Wisconsin     1.52-1.59      UP 0.05-UP 0.12
South Dakota  1.34           UP 0.06

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          23.00-25.00    UNCH
ECB           23.00-24.50    DN 1-DN 0.5
Nebraska      23.50-25.00    UNCH
South Dakota  23.50-24.00    DN 0.25-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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