SJ_GR113
Des Moines, IA     Tue, Jan 08, 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  3.5200-3.6400  DN 0.75-DN 4.75  -30H to -18H       UNCH-DN 4
Iowa-Western  3.2700-3.6400  DN 15.75-DN 0.75 -55H to -18H       DN 15-UNCH
Illinois      3.5500-3.7700  DN 0.75-DN 13.75 -27H to -5H        UNCH-DN 13
Indiana       3.6700-3.8000  DN 2.75-DN 0.75  -15H to -2H        DN 2-UNCH
Ohio          3.6700-3.7700  DN 5.75-DN 0.75  -15H to -5H        DN 5-UNCH
Michigan      3.5700-3.8200  DN 0.75          -25H to OptH       UNCH
Kansas        3.7500-4.1200  DN 0.75          -7H to 30H         UNCH
Minnesota     3.3700-3.5400  DN 0.75-DN 4.75  -45H to -28H       UNCH-DN 4
Nebraska      3.2700-3.6400  DN 0.75          -55H to -18H       UNCH
Wisconsin     3.3700-3.5500  UP 0.25-DN 0.75  -45H to -27H       UP 1-UNCH
South Dakota  3.2800-3.5000  DN 0.75          -54H to -32H       UNCH
Missouri      3.5700-3.7700  DN 0.75          -25H to -5H        UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.3700-3.7200  DN 0.75          -45H to -10H       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  160.00-175.00                   UNCH
Iowa-Western  152.00-175.00  170.00-175.00    UNCH
Illinois      140.00-180.00                   UNCH-DN 5
Indiana       130.00-160.00  147.00-155.00    UNCH-DN 10
Ohio          143.00-157.00                   UNCH-UP 2
Michigan      125.00-150.00  135.00-145.00    DN 10
Kansas        170.00-195.00                   UNCH
Minnesota     160.00-170.00                   UNCH
Nebraska      130.00-180.00  165.00-180.00    UNCH
Wisconsin     140.00-150.00                   UNCH
South Dakota  147.00-165.00                   DN 8-DN 5
Missouri      170.00-185.00                   DN 10-UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  77.00-80.00                     UNCH
Iowa-Western  65.00-80.00    70.00-80.00      UNCH
Illinois      NA                              NA
Indiana       75.00                           UNCH
Ohio          NA                              NA
Michigan      60.00                           DN 8-DN 15
Kansas        NA                              NA
Minnesota     80.00                           UNCH
Nebraska      55.00-92.00    75.00-84.00      UNCH
Wisconsin     68.00-75.00                     UNCH
South Dakota  65.00-84.00                     UP 9-UP 2
Missouri      88.00                           DN 2

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  50.00-56.00                     UNCH
Illinois      40.00-58.00                     UNCH-UP 3
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      45.00                           UNCH
Kansas        55.00-70.00                     UNCH
Minnesota     60.00                           UNCH
Nebraska      51.00-55.00                     UNCH
Wisconsin     51.00                           DN 2
South Dakota  62.00                           UNCH
Missouri      62.00-65.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.15-1.25      UP 0.03
ECB           1.24-1.28      UP 0.06-UP 0.02
Kansas        1.15-1.21      UP 0.02
Minnesota     1.18           UP 0.02-UNCH
Nebraska      1.13-1.21      UNCH-DN 0.01
Wisconsin     NA             NA
South Dakota  NA             NA

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          25.00-27.00    UP 0.5-UNCH
ECB           25.00-26.50    UP 0.5-DN 0.5
Nebraska      26.00-27.00    UP 1.5-DN 0.5
South Dakota  24.00-25.00    UP 0.5-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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