SJ_GR113
Des Moines, IA     Fri, Dec 28, 2018     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  3.3450-3.5650  UP 1.25          -40H to -18H       UNCH
Iowa-Western  3.0750-3.5650  UP 1.25          -67H to -18H       UNCH
Illinois      3.5050-3.7850  UP 1.25          -24H to 4H         UNCH
Indiana       3.4950-3.7150  UP 1.25          -25H to -3H        UNCH
Ohio          3.6450-3.6850  UP 1.25          -10H to -6H        UNCH
Michigan      3.4450-3.7450  UP 1.25-UP 4.25  -30H to OptH       UNCH-UP 3
Kansas        3.6450-4.0450  UP 1.25          -10H to 30H        UNCH
Minnesota     3.2450-3.4450  UP 2.25-UP 1.25  -50H to -30H       UP 1-UNCH
Nebraska      3.1150-3.5950  UP 1.25          -63H to -15H       UNCH
Wisconsin     3.2650-3.4750  UP 1.25          -48H to -27H       UNCH
South Dakota  3.2050-3.3950  UP 1.25          -54H to -35H       UNCH
Missouri      3.4950-3.6650  UP 1.25          -25H to -8H        UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.2950-3.6450  UP 1.25          -45H to -10H       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  165.00-180.00                   UNCH
Iowa-Western  156.00-180.00  170.00-180.00    UP 1-UNCH
Illinois      140.00-180.00                   UNCH
Indiana       135.00-166.00  147.00-155.00    UNCH
Ohio          140.00-155.00  140.00-150.00    UNCH
Michigan      135.00-148.00  135.00-145.00    UNCH
Kansas        170.00-195.00                   UNCH
Minnesota     160.00-180.00                   UNCH
Nebraska      130.00-200.00  165.00-180.00    UNCH
Wisconsin     140.00-155.00                   UNCH
South Dakota  160.00                          UNCH
Missouri      182.00-185.00                   UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  70.00-80.00                     DN 10-UNCH
Iowa-Western  55.00-87.00    70.00-80.00      DN 10-UNCH
Illinois      NA                              NA
Indiana       75.00                           UNCH
Ohio          NA                              NA
Michigan      68.00-75.00                     UNCH
Kansas        NA                              NA
Minnesota     85.00                           UNCH
Nebraska      55.00-99.00    70.00-80.00      UNCH
Wisconsin     70.00-75.00                     UNCH
South Dakota  56.00-82.00                     UNCH
Missouri      93.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  50.00-56.00                     UP 2-UNCH
Illinois      40.00-55.00                     UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      45.00                           UNCH
Kansas        55.00-65.00                     UNCH
Minnesota     60.00                           UNCH
Nebraska      45.00-56.00                     UNCH
Wisconsin     53.00                           UNCH
South Dakota  62.00                           UNCH
Missouri      59.00-65.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.12-1.22      UP 0.02
ECB           1.18-1.26      DN 0.01-UP 0.01
Kansas        1.13-1.19      UP 0.01
Minnesota     1.16-1.18      UP 0.06-UP 0.02
Nebraska      1.13-1.22      UP 0.01-UP 0.02
Wisconsin     NA             NA
South Dakota  1.12           UP 0.03

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          24.50-27.00    UNCH
ECB           24.50-27.00    UNCH
Nebraska      24.50-27.50    UNCH
South Dakota  23.50-26.00    DN 2-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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