SJ_GR113
Des Moines, IA     Mon, Jul 01, 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  3.9875-4.2575  DN 15.25-DN 19.25 -26U to 1U         NO COMP
Iowa-Western  4.0375-4.3325  DN 1.25-DN 18.75  -21U to 13N        NO COMP
Illinois      4.0575-4.4275  DN 21.25-DN 17.25 -19U to 18U        NO COMP
Indiana       4.4575-4.8275  DN 19.25-DN 15.25 21U to 58U         NO COMP
Ohio          4.4475-4.8475  DN 20.25-DN 12.25 20U to 60U         NO COMP
Michigan      3.9925-4.7275  DN 19.75-DN 21    -21N to 48U        NO COMP
Kansas        4.1525-4.4525  DN 19.75          -5N to 25N         UNCH
Minnesota     3.7975-4.1625  DN 15.25-DN 14.75 -45U to -4N        NO COMP
Nebraska      3.7675-4.2725  DN 21-DN 17.75    -48U to 7N         NO COMP
Wisconsin     3.6775-4.0475  DN 21-DN 15.25    -57U to -20U       NO COMP
South Dakota  3.8225-4.2825  DN 19.75          -38N to 8N         UNCH
Missouri      3.8025-4.3525  DN 19.75          -40N to 15N        UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.9525         DN 19.75         -25N               UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  130.00-135.00                   UNCH
Iowa-Western  118.00-155.00  130.00-140.00    UNCH
Illinois      138.00-170.00  138.00-148.00    UNCH
Indiana       137.00-170.00  145.00-160.00    UNCH
Ohio          143.00-166.00                   UNCH
Michigan      128.00-148.00  135.00-140.00    UNCH
Kansas        140.00-175.00  140.00-160.00    UNCH
Minnesota     125.00-135.00                   UNCH
Nebraska      130.00-151.00  130.00-143.00    UNCH-DN 12
Wisconsin     130.00-140.00                   UNCH
South Dakota  133.00-150.00  133.00-142.00    UNCH
Missouri      135.00-155.00                   UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  62.00-67.00                     UNCH
Iowa-Western  50.00-65.00                     UNCH
Illinois      NA                              NA
Indiana       65.00                           UNCH
Ohio          NA                              NA
Michigan      60.00-62.00                     UNCH
Kansas        NA                              NA
Minnesota     60.00                           UNCH
Nebraska      55.00-76.00    55.00-65.00      UNCH
Wisconsin     57.00                           UNCH
South Dakota  54.00-75.00                     UNCH
Missouri      80.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  35.00-40.00                     UNCH
Illinois      43.00                           UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      NA                              NA
Kansas        50.00-60.00                     UNCH
Minnesota     40.00-48.00                     UNCH
Nebraska      33.00-64.00    54.00-64.00      UP 1-UNCH
Wisconsin     47.00                           UNCH
South Dakota  42.00                           UNCH
Missouri      48.00-60.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.49-1.55      UP 0.02
ECB           1.56-1.64      DN 0.02-DN 0.01
Kansas        1.49-1.55      UP 0.02-UNCH
Minnesota     1.46           UNCH
Nebraska      1.49-1.55      UP 0.02-DN 0.03
Wisconsin     NA             NA
South Dakota  1.40           UNCH

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          24.50-27.00    UP 0.5-UNCH
ECB           25.00-26.50    UNCH-UP 0.25
Nebraska      25.00-26.00    UNCH
South Dakota  24.00-25.75    UNCH-UP 0.25

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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