SJ_GR113
Des Moines, IA     Wed, Oct 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  3.6600-3.8800  DN 1.25-UP 0.75  -22Z to OptZ       DN 2-UNCH
Iowa-Western  3.6200-3.9800  UP 0.75          -26Z to 10Z        UNCH
Illinois      3.7800-3.9800  UP 0.75          -10Z to 10Z        UNCH
Indiana       3.8800-4.3500  UP 2.75-UP 6.75  OptZ to 47Z        UP 2-UP 6
Ohio          4.1300-4.3800  UP 0.75          25Z to 50Z         UNCH
Michigan      3.7300-4.2800  UP 0.75          -15Z to 40Z        UNCH
Kansas        3.7800-4.1300  UP 0.75          -10Z to 25Z        UNCH
Minnesota     3.6800-3.8400  UP 0.75          -20Z to -4Z        UNCH
Nebraska      3.5000-4.0300  DN 7.25-UP 0.75  -38Z to 15Z        DN 8-UNCH
Wisconsin     3.6000-3.9300  UP 0.75          -28Z to 5Z         UNCH
South Dakota  3.6800-3.9700  UP 0.75          -20Z to 9Z         UNCH
Missouri      3.5300-3.9800  UP 0.75-UP 15.75 -35Z to 10Z        UNCH-UP 15

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.5800-3.6300  UP 0.75-DN 9.25  -30Z to -25Z       UNCH-DN 10
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      135.00-150.00  130.00-140.00    UNCH
Indiana       125.00-150.00  135.00-148.00    UNCH
Ohio          138.00-155.00                   UNCH
Michigan      135.00-150.00                   UNCH
Kansas        135.00-165.00  135.00-155.00    UNCH
Minnesota     130.00-140.00                   UNCH
Nebraska      135.00-160.00  135.00-142.00    UNCH
Wisconsin     130.00-140.00                   UNCH
South Dakota  128.00-150.00                   UNCH
Missouri      140.00-150.00                   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     65.00                           UNCH
Nebraska      65.00-78.00    60.00-70.00      UNCH
Wisconsin     57.00                           UNCH
South Dakota  55.00-74.00                     UNCH
Missouri      75.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  50.00-55.00                     UNCH
Illinois      49.00                           UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      NA                              NA
Kansas        35.00-60.00    50.00-60.00      UNCH
Minnesota     65.00                           UNCH
Nebraska      45.00-60.00    43.00-54.00      UNCH
Wisconsin     45.00                           UNCH
South Dakota  44.00                           UNCH
Missouri      44.00-55.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.44-1.60      UP 0.02-UNCH
ECB           1.53-1.56      UP 0.01-DN 0.08
Kansas        1.38-1.45      DN 0.04-DN 0.14
Minnesota     1.38-1.52      DN 0.08-UP 0.06
Nebraska      1.41-1.55      UP 0.06-DN 0.02
Wisconsin     1.52           UNCH-DN 0.07
South Dakota  1.41           UP 0.07

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          22.00-24.00    DN 1
ECB           23.00-24.50    UNCH
Nebraska      22.00-23.00    DN 1.5-DN 2
South Dakota  22.00-23.00    DN 1.5-DN 1

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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