SJ_GR113
Des Moines, IA     Wed, Oct 30, 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  3.6425-3.8125  UP 2.25-DN 2.75  -22Z to -5Z        UNCH-DN 5
Iowa-Western  3.5625-3.9625  UP 2.25          -30Z to 10Z        UNCH
Illinois      3.7825-4.0425  UP 11.25-UP 5.25 -8Z to 18Z         UP 9-UP 3
Indiana       3.8125-4.3325  UP 2.25          -5Z to 47Z         UNCH
Ohio          4.0825-4.3625  UP 2.25          22Z to 50Z         UNCH
Michigan      3.7125-4.2125  UP 4.25-UP 2.25  -15Z to 35Z        UP 2-UNCH
Kansas        3.7125-4.1125  DN 2.75-UP 2.25  -15Z to 25Z        DN 5-UNCH
Minnesota     3.6125-3.8025  DN 2.75-UP 2.25  -25Z to -6Z        DN 5-UNCH
Nebraska      3.5825-3.8225  UP 2.25-UP 10.25 -28Z to -4Z        UNCH-UP 8
Wisconsin     3.6125-3.9125  UP 2.25          -25Z to 5Z         UNCH
South Dakota  3.6925-4.1425  UP 5.25-UP 20.25 -17Z to 28Z        UP 3-UP 18
Missouri      3.4625-4.0125  UP 2.25          -40Z to 15Z        UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.5125-3.6125  UP 2.25          -35Z to -25Z       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  135.00-145.00                   UNCH
Iowa-Western  135.00-155.00                   UNCH
Illinois      135.00-155.00  130.00-140.00    UNCH
Indiana       130.00-153.00  135.00-148.00    UNCH
Ohio          143.00-155.00                   UNCH
Michigan      135.00-150.00                   UNCH
Kansas        140.00-165.00  135.00-155.00    UNCH
Minnesota     130.00-145.00                   UNCH-UP 5
Nebraska      138.00-153.00  135.00-142.00    UNCH
Wisconsin     130.00-140.00                   UNCH
South Dakota  128.00-144.00                   UNCH-DN 6
Missouri      140.00-150.00                   UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  70.00                           UNCH
Iowa-Western  60.00-75.00                     UNCH
Illinois      NA                              NA
Indiana       68.00                           UNCH
Ohio          NA                              NA
Michigan      70.00                           UNCH
Kansas        NA                              NA
Minnesota     65.00                           UNCH
Nebraska      60.00-77.00    60.00-70.00      UNCH
Wisconsin     58.00                           UNCH
South Dakota  55.00-75.00                     UNCH
Missouri      75.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  50.00-55.00                     UNCH
Illinois      49.00                           UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      NA                              NA
Kansas        40.00-60.00    50.00-60.00      UNCH
Minnesota     65.00                           UNCH
Nebraska      42.00-60.00    43.00-54.00      UNCH
Wisconsin     45.00                           UNCH
South Dakota  44.00                           UNCH
Missouri      44.00-55.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.37-1.55      DN 0.07-DN 0.05
ECB           1.53-1.58      UNCH-UP 0.02
Kansas        1.35-1.47      DN 0.03-UP 0.02
Minnesota     1.43-1.46      UP 0.05-DN 0.06
Nebraska      1.35-1.48      DN 0.06-DN 0.07
Wisconsin     NA             NA
South Dakota  1.35           DN 0.06

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          22.00-24.00    UNCH
ECB           23.00-24.50    UNCH
Nebraska      22.00-23.00    UNCH
South Dakota  22.00-23.00    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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