SJ_GR113
Des Moines, IA     Fri, Jun 14, 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  4.0400-4.3700  UP 12            -38N to -5N        UNCH
Iowa-Western  4.0700-4.4100  UP 12-UP 16      -35N to -1N        UNCH-UP 4
Illinois      4.2800-4.5600  UP 16-UP 12      -14N to 14N        UP 4-UNCH
Indiana       4.5700-4.8200  UP 17-UP 14      15N to 40N         UP 5-UP 2
Ohio          4.5700-4.8200  UP 23-UP 17      15N to 40N         UP 11-UP 5
Michigan      4.2100-4.6200  UP 12            -21N to 20N        UNCH
Kansas        4.4200-4.6700  UP 12            OptN to 25N        UNCH
Minnesota     3.9200-4.2800  UP 12            -50N to -14N       UNCH
Nebraska      3.9600-4.4700  UP 12            -46N to 5N         UNCH
Wisconsin     3.9000-4.2200  UP 10-UP 12      -52N to -20N       DN 2-UNCH
South Dakota  4.0000-4.3900  UP 12            -42N to -3N        UNCH
Missouri      4.0700-4.3200  UP 12            -35N to -10N       UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        4.2700         UP 12            -15N               UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  125.00-135.00                   DN 5-UP 5
Iowa-Western  115.00-145.00                   DN 10-UP 5
Illinois      125.00-152.00  129.00-140.00    UNCH
Indiana       124.00-162.00  125.00-140.00    UNCH
Ohio          135.00-145.00                   UNCH
Michigan      120.00-138.00  120.00-135.00    UNCH
Kansas        130.00-175.00  130.00-140.00    UNCH
Minnesota     120.00-130.00                   UNCH
Nebraska      115.00-152.00  120.00-132.00    UNCH
Wisconsin     120.00-150.00  120.00-130.00    UNCH
South Dakota  115.00-125.00                   UNCH
Missouri      130.00-142.00                   UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  60.00-65.00                     UP 6-UP 11
Iowa-Western  50.00-65.00                     UNCH-DN 2
Illinois      NA                              NA
Indiana       65.00                           UNCH
Ohio          NA                              NA
Michigan      60.00                           UNCH
Kansas        NA                              NA
Minnesota     60.00                           UNCH
Nebraska      55.00-71.00                     UNCH
Wisconsin     55.00                           UNCH
South Dakota  52.00-69.00                     UNCH
Missouri      74.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  35.00-40.00                     UNCH-DN 12
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      40.00-60.00                     UNCH
Wisconsin     42.00                           UNCH
South Dakota  42.00                           UNCH
Missouri      44.00-60.00                     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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