SJ_GR113
Des Moines, IA     Mon, Sep 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  3.5375-3.8175  DN 2             -17Z to 11Z        UNCH
Iowa-Western  3.4575-3.9075  DN 2             -25Z to 20Z        UNCH
Illinois      3.5575-3.8575  DN 2             -15Z to 15Z        UNCH
Indiana       3.6075-4.2575  DN 2             -10Z to 55Z        UNCH
Ohio          4.1575-4.3075  DN 2             45Z to 60Z         UNCH
Michigan      3.7775-4.1775  DN 2             7Z to 47Z          UNCH
Kansas        3.6075-3.9575  DN 2             -10Z to 25Z        UNCH
Minnesota     3.4575-3.8575  DN 2-UP 2        -25Z to 15Z        UNCH-UP 4
Nebraska      3.5075-3.9775  DN 2-UP 5        -20Z to 27Z        UNCH-UP 7
Wisconsin     3.4375-3.6575  DN 2             -27Z to -5Z        UNCH
South Dakota  3.5075-3.8275  DN 2-UNCH        -20Z to 12Z        UNCH-UP 2
Missouri      3.3575-3.6075  DN 2             -35Z to -10Z       UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.4075-3.5575  DN 2             -30Z to -15Z       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  135.00                          UNCH
Iowa-Western  123.00-140.00                   UNCH
Illinois      130.00-150.00  130.00-140.00    UNCH
Indiana       117.00-150.00  135.00-148.00    UNCH
Ohio          135.00-150.00                   UNCH
Michigan      135.00-150.00                   UNCH
Kansas        135.00-165.00  135.00-155.00    UNCH
Minnesota     122.00-138.00                   UNCH
Nebraska      125.00-157.00  125.00-136.00    UNCH-DN 2
Wisconsin     130.00-140.00                   UNCH
South Dakota  124.00-135.00                   UNCH
Missouri      140.00                          UNCH

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     60.00                           UNCH
Nebraska      55.00-75.00    60.00-69.00      UNCH
Wisconsin     57.00                           UNCH
South Dakota  55.68-73.00                     UNCH
Missouri      70.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  42.00-55.00                     UNCH
Illinois      48.00                           UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      NA                              NA
Kansas        35.00-60.00    50.00-60.00      UNCH
Minnesota     40.00                           UNCH
Nebraska      30.00-55.00    35.00-47.00      UNCH
Wisconsin     45.00                           UNCH
South Dakota  44.00                           UNCH
Missouri      47.00-55.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.25-1.38      UP 0.03
ECB           1.39-1.48      UP 0.05-UP 0.09
Kansas        1.32-1.38      UP 0.09
Minnesota     1.26-1.28      UP 0.03
Nebraska      1.26-1.39      UP 0.03-UP 0.09
Wisconsin     NA             NA
South Dakota  1.17           UP 0.03

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          24.00-25.00    UP 1-UNCH
ECB           24.00-25.00    DN 0.5-DN 1
Nebraska      23.00-24.00    UNCH
South Dakota  23.75-24.50    UP 1.25-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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