SJ_GR113
St Joseph, MO     Tue, Dec 31, 2019     USDA-MO Dept of Ag Market News

***Next Report will be released Jan 02, 2020 due to New Year Holiday***

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  3.7025-3.8425  UP 0.25-DN 1.75  -18H to -4H        UP 2-UNCH
Iowa-Western  3.7125-3.9825  DN 1.75          -17H to 10H        UNCH
Illinois      3.7325-4.1625  DN 1.75-UP 0.25  -15H to 28H        UNCH-UP 2
Indiana       3.8125-4.2125  DN 1.75          -7H to 33H         UNCH
Ohio          4.1325-4.2825  DN 6.75-DN 1.75  25H to 40H         DN 5-UNCH
Michigan      3.9325-4.2325  DN 1.75          5H to 35H          UNCH
Kansas        3.8825-4.1325  DN 1.75          OptH to 25H        UNCH
Minnesota     3.5525-3.9725  DN 1.75          -33H to 9H         UNCH
Nebraska      3.6125-3.8825  DN 1.75          -27H to OptH       UNCH
Wisconsin     3.6825-3.7525  DN 1.75          -20H to -13H       UNCH
South Dakota  3.4325-3.9125  DN 1.75          -45H to 3H         UNCH
Missouri      3.7125-3.9825  UP 1.25-DN 1.75  -17H to 10H        UP 3-UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.4825-3.6325  DN 1.75          -40H to -25H       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  135.00-140.00                   UNCH
Iowa-Western  135.00-170.00  135.00-145.00    UNCH
Illinois      146.00-180.00  150.00-160.00    UNCH
Indiana       140.00-161.00     150.00        UP 1-UNCH
Ohio          148.00-160.00                   UNCH-UP 5
Michigan      141.00-155.00  142.00-145.00    UP 2-UNCH
Kansas        145.00-180.00  148.00-155.00    UP 5
Minnesota     138.00-140.00                   UP 3-DN 5
Nebraska      148.00-175.00  155.00-167.00    UNCH
Wisconsin     138.00-140.00                   UP 3-UNCH
South Dakota  135.00-150.00                   UNCH
Missouri      160.00-165.00                   UP 5-UP 3

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  70.00                           UNCH
Iowa-Western  60.00-75.00    68.00-72.00      UNCH
Illinois      NA                              NA
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      65.00                           UNCH
Kansas        NA                              NA
Minnesota     65.00                           UNCH
Nebraska      70.00-91.00    70.00-78.00      UNCH
Wisconsin     62.00                           UP 2
South Dakota  70.00-77.50                     UNCH
Missouri      78.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  35.00-68.00    45.00-50.00      UNCH
Illinois      56.00                           UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      NA                              NA
Kansas        45.00-65.00    55.00-65.00      UP 5-UNCH
Minnesota     43.00                           UNCH
Nebraska      40.00-60.00    42.00-56.00      UNCH
Wisconsin     48.00                           UP 3
South Dakota  45.00                           UNCH
Missouri      54.00-58.00                     UP 3-UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.20-1.35      UP 0.01-UNCH
ECB           1.36-1.39      UP 0.01-UP 0.03
Kansas        1.20-1.34      UP 0.01-UP 0.05
Minnesota     1.23-1.27      UNCH-DN 0
Nebraska      1.21-1.27      UP 0.02-DN 0.04
Wisconsin     NA             NA
South Dakota  1.27           UNCH

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          22.00-26.00    UNCH
ECB           22.00-27.00    UNCH
Nebraska      21.50-27.00    UNCH
South Dakota  21.50-26.00    UNCH-UP 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, St Joseph, MO
        Staff  816-676-7000
        www.ams.usda.gov/mnreports/SJ_GR113.txt
        www.ams.usda.gov/LPSMarketNewsPage

         1000Clp