SJ_GR113
Des Moines, IA     Wed, Jun 19, 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  4.1575-4.4375  DN 4-DN 5        -34N to -6N        UP 1-UNCH
Iowa-Western  4.1475-4.4975  DN 5-DN 2        -35N to OptN       UNCH-UP 3
Illinois      4.3575-4.6375  DN 5             -14N to 14N        UNCH
Indiana       4.6475-4.9975  DN 5             15N to 50N         UNCH
Ohio          4.6675-4.9975  DN 3-DN 5        17N to 50N         UP 2-UNCH
Michigan      4.2875-4.7475  DN 5-UNCH        -21N to 25N        UNCH-UP 5
Kansas        4.4975-4.7475  DN 5             OptN to 25N        UNCH
Minnesota     4.0175-4.3875  DN 5             -48N to -11N       UNCH
Nebraska      4.0375-4.5475  DN 5             -46N to 5N         UNCH
Wisconsin     3.9775-4.2975  DN 5             -52N to -20N       UNCH
South Dakota  4.1175-4.4675  DN 3-DN 5        -38N to -3N        UP 2-UNCH
Missouri      4.0975-4.4675  DN 10-UNCH       -40N to -3N        DN 5-UP 5

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        4.3475         DN 5             -15N               UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  125.00-135.00                   UNCH
Iowa-Western  115.00-145.00                   UNCH
Illinois      132.00-165.00  129.00-140.00    UNCH
Indiana       124.00-162.00  125.00-140.00    UNCH
Ohio          135.00-165.00                   UNCH
Michigan      125.00-138.00  120.00-135.00    UNCH
Kansas        130.00-175.00  130.00-140.00    UNCH
Minnesota     123.00-145.00                   UP 3-UNCH
Nebraska      115.00-152.00  120.00-132.00    UNCH
Wisconsin     120.00-140.00  120.00-130.00    UNCH
South Dakota  123.00-155.00                   UNCH
Missouri      135.00-155.00                   UNCH-UP 5

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  60.00-65.00                     UNCH
Iowa-Western  50.00-65.00                     UNCH
Illinois      NA                              NA
Indiana       65.00                           UNCH
Ohio          NA                              NA
Michigan      60.00                           UNCH
Kansas        NA                              NA
Minnesota     60.00                           UNCH
Nebraska      60.00-75.00                     UNCH
Wisconsin     55.00                           UNCH
South Dakota  53.00-69.00                     UNCH
Missouri      79.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  35.00-40.00                     UNCH
Illinois      43.00                           UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      60.00                           UNCH
Kansas        45.00-60.00                     UNCH
Minnesota     40.00-48.00                     UNCH
Nebraska      32.00-64.00                     UNCH
Wisconsin     42.00                           UNCH
South Dakota  42.00                           UNCH
Missouri      48.00-60.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.38-1.47      UP 0.06-DN 0.03
ECB           1.52-1.59      UP 0.08-UP 0.06
Kansas        1.41-1.49      UP 0.05
Minnesota     1.38-1.43      UP 0.01-UP 0.05
Nebraska      1.41-1.51      UP 0.05
Wisconsin     NA             NA
South Dakota  1.36           UNCH

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          23.00-27.00    DN 2.5-UNCH
ECB           23.00-26.00    DN 1-UNCH
Nebraska      24.00-26.00    DN 0.5-UNCH
South Dakota  23.00-25.00    DN 1.75-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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