SJ_GR113
Des Moines, IA     Mon, Jun 24, 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  4.0825-4.4025  DN 7.75-DN 3.75  -34N to -2N        UNCH-UP 4
Iowa-Western  4.0725-4.4925  DN 7.75-DN 4.75  -35N to 7N         UNCH-UP 3
Illinois      4.2825-4.6225  DN 7.75-DN 1.75  -14N to 20N        UNCH-UP 6
Indiana       4.6225-5.0225  DN 7.75          20N to 60N         UNCH
Ohio          4.6225-5.0225  DN 5.75-DN 7.75  20N to 60N         UP 2-UNCH
Michigan      4.2125-4.6725  DN 7.75          -21N to 25N        UNCH
Kansas        4.3725-4.6725  DN 7.75          -5N to 25N         UNCH
Minnesota     3.9425-4.3125  DN 7.75          -48N to -11N       UNCH
Nebraska      3.9625-4.4725  DN 7.75          -46N to 5N         UNCH
Wisconsin     3.9025-4.2225  DN 7.75          -52N to -20N       UNCH
South Dakota  4.0425-4.4225  DN 7.75          -38N to OptN       UNCH
Missouri      4.0225-4.4425  DN 7.75-UP 4.25  -40N to 2N         UNCH-UP 12

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        4.1725         DN 7.75          -25N               UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  130.00-140.00                   UNCH
Iowa-Western  118.00-145.00                   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      125.00-140.00  120.00-135.00    UNCH
Kansas        130.00-175.00  130.00-140.00    UNCH
Minnesota     123.00-145.00                   UNCH
Nebraska      130.00-163.00  120.00-132.00    UP 15-UP 11
Wisconsin     120.00-140.00  120.00-130.00    UNCH
South Dakota  123.00-155.00                   UNCH
Missouri      135.00-155.00                   UNCH

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      55.00-76.00                     DN 5-UP 1
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          1.47-1.53      UP 0.09-UP 0.06
ECB           1.58-1.65      UP 0.06
Kansas        1.47-1.55      UP 0.06
Minnesota     1.46           UP 0.08-UP 0.03
Nebraska      1.47-1.58      UP 0.06-UP 0.08
Wisconsin     NA             NA
South Dakota  1.40           UP 0.04

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          24.00-27.00    UP 1-UNCH
ECB           25.00-26.25    UP 2-UP 0.25
Nebraska      25.00-26.00    UP 1-UNCH
South Dakota  24.00-25.50    UP 1-UP 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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