SJ_GR113
Des Moines, IA     Mon, Aug 26, 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  3.4975-3.8375  DN 3.5           -10U to 24U        UNCH
Iowa-Western  3.3475-3.7975  DN 3.5-DN 1.5    -25U to 20U        UNCH-UP 2
Illinois      3.5675-3.8475  DN 3.5           -3U to 25U         UNCH
Indiana       3.7475-4.0475  DN 3.5           15U to 45U         UNCH
Ohio          4.1475-4.2975  DN 3.5           55U to 70U         UNCH
Michigan      3.5475-4.3675  DN 3.5           -5U to 77U         UNCH
Kansas        3.6475-3.9475  DN 3.5           5U to 35U          UNCH
Minnesota     3.3775-3.6975  DN 0.5-DN 3.5    -22U to 10U        UP 3-UNCH
Nebraska      3.3475-3.8975  DN 3.5           -25U to 30U        UNCH
Wisconsin     3.3175-3.6475  DN 3.5           -28U to 5U         UNCH
South Dakota  3.3975-3.7575  DN 3.5           -20U to 16U        UNCH
Missouri      3.4975-3.7975  DN 3.5           -10U to 20U        UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.4475         DN 3.5           -15U               UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  115.00-130.00                   UNCH
Iowa-Western  110.00-135.00                   UNCH
Illinois      122.00-140.00  130.00-135.00    UNCH
Indiana       112.00-135.00                   UNCH
Ohio          121.00-130.00                   UNCH
Michigan      115.00-140.00  122.00-132.00    UNCH
Kansas        130.00-150.00                   UNCH
Minnesota     110.00-125.00                   UNCH
Nebraska      125.00-138.00                   UP 5-UP 2
Wisconsin     115.00-135.00                   UNCH
South Dakota  110.00-129.00  120.00-129.00    UNCH
Missouri      140.00-150.00                   UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  60.00-63.00                     UNCH
Iowa-Western  52.00-63.00                     UNCH
Illinois      NA                              NA
Indiana       68.00                           UNCH
Ohio          NA                              NA
Michigan      70.00                           UNCH
Kansas        NA                              NA
Minnesota     60.00                           UNCH
Nebraska      55.00-68.00                     UP 5-UP 0.5
Wisconsin     53.00                           UNCH
South Dakota  57.73-73.00                     UNCH
Missouri      75.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  42.00-55.00                     UNCH
Illinois      45.00                           UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      NA                              NA
Kansas        35.00-65.00                     UNCH
Minnesota     40.00                           UNCH
Nebraska      30.00-58.00                     UNCH
Wisconsin     42.00                           UNCH
South Dakota  44.00                           UNCH
Missouri      45.00-55.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.22-1.33      UP 0.04-DN 0.09
ECB           1.35-1.39      UP 0.05-UP 0.04
Kansas        1.22-1.29      UP 0.04-UP 0.05
Minnesota     1.16-1.26      DN 0.1-UNCH
Nebraska      1.22-1.33      UP 0.04-DN 0.06
Wisconsin     1.29-1.35      No Comp
South Dakota  1.11           DN 0.09-DN 0.1

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          23.00-25.00    UNCH-DN 1
ECB           23.00-26.00    DN 1-UP 1
Nebraska      24.50-25.00    UP 0.5-UNCH
South Dakota  23.00-25.00    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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