SJ_GR113
Des Moines, IA     Mon, Mar 11, 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  3.3425-3.5225  DN 1             -30K to -12K       UNCH
Iowa-Western  3.3425-3.5625  UP 1-DN 1        -30K to -8K        UP 2-UNCH
Illinois      3.3925-3.7025  DN 1-UNCH        -25K to 6K         UNCH-UP 1
Indiana       3.5525-3.6925  DN 1             -9K to 5K          UNCH
Ohio          3.5425-3.6525  DN 1             -10K to 1K         UNCH
Michigan      3.4025-3.6925  DN 1             -24K to 5K         UNCH
Kansas        3.5825-3.7475  DN 1-DN 0.75     -6K to 20H         UNCH
Minnesota     3.2725-3.4825  UNCH-DN 1        -37K to -16K       UP 1-UNCH
Nebraska      3.2625-3.5925  DN 4-DN 1        -38K to -5K        DN 3-UNCH
Wisconsin     3.2325-3.3925  DN 1             -41K to -25K       UNCH
South Dakota  3.1925-3.3925  UNCH-UP 3        -45K to -25K       UP 1-UP 4
Missouri      3.4425-3.5925  DN 1             -20K to -5K        UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.3425-3.3925  DN 1             -30K to -25K       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  130.00-135.00                   UNCH
Iowa-Western  125.00-145.00                   UNCH
Illinois      142.00-175.00  148.00-155.00    UNCH
Indiana       130.00-155.00  145.00-155.00    UNCH
Ohio          135.00-155.00  135.00-143.00    UNCH
Michigan      120.00-145.00  128.00-138.00    UNCH
Kansas        145.00-165.00                   UNCH
Minnesota     130.00-135.00                   UNCH
Nebraska      130.00-161.00  140.00-150.00    UNCH-UP 2
Wisconsin     130.00-145.00                   UNCH
South Dakota  130.00-135.00                   UNCH
Missouri      152.00-175.00  152.00-155.00    UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  60.00                           UNCH
Iowa-Western  50.00-65.00                     UNCH
Illinois      NA                              NA
Indiana       75.00                           UNCH
Ohio          NA                              NA
Michigan      60.00-65.00                     UNCH
Kansas        NA                              NA
Minnesota     68.00                           UNCH
Nebraska      55.00-80.00    69.00-80.00      UNCH
Wisconsin     60.00-70.00                     UNCH
South Dakota  66.00-69.00                     UNCH
Missouri      80.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  30.00-40.00                     UNCH
Illinois      40.00-58.00                     UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      30.00                           UNCH
Kansas        55.00-68.00                     UNCH
Minnesota     40.00-48.00                     UNCH
Nebraska      45.00-54.00                     UNCH-DN 6
Wisconsin     48.00                           UNCH
South Dakota  42.00                           UNCH
Missouri      55.00-60.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.18-1.31      DN 0.05-UP 0.01
ECB           1.20-1.30      UNCH-DN 0.03
Kansas        1.23-1.29      DN 0.03-UNCH
Minnesota     1.18           DN 0.02
Nebraska      1.19-1.29      UP 0.01
Wisconsin     NA             NA
South Dakota  1.17           DN 0.02

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          23.00-25.00    UNCH
ECB           23.00-26.00    UNCH-DN 3
Nebraska      23.50-26.00    UNCH-UP 1
South Dakota  22.75-25.00    DN 0.25-UNCH

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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