SJ_GR113
Des Moines, IA     Fri, Jun 28, 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  4.1400-4.4500  UP 2.75-UP 3.75  -26N to 5N         UP 6-UP 7
Iowa-Western  4.0500-4.5200  DN 3.25          -35N to 12N        UNCH
Illinois      4.2700-4.6000  DN 3.25          -13N to 20N        UNCH
Indiana       4.6500-4.9800  DN 3.25          25N to 58N         UNCH
Ohio          4.6500-4.9700  DN 3.25          25N to 57N         UNCH
Michigan      4.1900-4.9375  DN 3.25-DN 3.75  -21N to 48U        NO COMP
Kansas        4.3500-4.6500  DN 3.25          -5N to 25N         UNCH
Minnesota     3.9500-4.3100  DN 3.25          -45N to -9N        UNCH
Nebraska      3.9775-4.4500  DN 1.5-DN 1.25   -48U to 5N         NO COMP
Wisconsin     3.8875-4.2000  DN 2.5-DN 3.25   -57U to -20N       NO COMP
South Dakota  4.0200-4.4800  DN 3.25-DN 0.25  -38N to 8N         UNCH-UP 3
Missouri      4.0000-4.5500  DN 3.25-UP 6.75  -40N to 15N        UNCH-UP 10

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        4.1500         DN 3.25          -25N               UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  130.00-135.00                   UNCH-DN 5
Iowa-Western  118.00-155.00  130.00-140.00    UNCH-UP 10
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      130.00-163.00  130.00-141.00    UNCH
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                     UP 2
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                     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      32.00-64.00                     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

          950Cnjb