SJ_GR113
Des Moines, IA     Thu, Jan 17, 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  3.4600-3.5600  DN 0.75          -28H to -18H       UNCH
Iowa-Western  3.3800-3.5900  DN 0.75          -36H to -15H       UNCH
Illinois      3.4400-3.6500  DN 0.75-DN 1.75  -30H to -9H        UNCH-DN 1
Indiana       3.5800-3.7200  DN 0.75          -16H to -2H        UNCH
Ohio          3.6100-3.7100  UP 1.25-DN 0.75  -13H to -3H        UP 2-UNCH
Michigan      3.4900-3.8000  DN 0.75          -25H to 6H         UNCH
Kansas        3.6700-3.9900  DN 0.75          -7H to 25H         UNCH
Minnesota     3.2900-3.4600  DN 0.75          -45H to -28H       UNCH
Nebraska      3.1900-3.5600  DN 0.75          -55H to -18H       UNCH
Wisconsin     3.3000-3.4700  DN 0.75          -44H to -27H       UNCH
South Dakota  3.2200-3.4200  DN 0.75          -52H to -32H       UNCH
Missouri      3.5300-3.6600  DN 0.75          -21H to -8H        UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.2900-3.6400  DN 0.75          -45H to -10H       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  140.00-155.00                   UNCH
Iowa-Western  145.00-175.00  170.00-175.00    UNCH
Illinois      140.00-165.00  148.00-155.00    UNCH
Indiana       140.00-160.00  147.00-155.00    UNCH
Ohio          141.00-150.00                   DN 4-DN 5
Michigan      122.00-145.00  135.00-145.00    DN 2-UNCH
Kansas        160.00-195.00  160.00-170.00    DN 10-UNCH
Minnesota     141.00-160.00  145.00-155.00    UNCH-DN 10
Nebraska      135.00-167.00  150.00-167.00    UNCH
Wisconsin     135.00-140.00                   UNCH
South Dakota  145.00-160.00                   DN 2-DN 5
Missouri      165.00-185.00             165.00DN 5-UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  77.00-80.00                     UNCH
Iowa-Western  50.00-75.00                     UNCH
Illinois      NA                              NA
Indiana       75.00                           UNCH
Ohio          NA                              NA
Michigan      60.00-65.00                     UNCH-UP 5
Kansas        NA                              NA
Minnesota     80.00                           UNCH
Nebraska      55.00-88.00    75.00-84.00      UNCH
Wisconsin     62.00-75.00                     UNCH
South Dakota  66.00-81.00                     UNCH
Missouri      85.00                           DN 3

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  50.00-54.00                     UNCH
Illinois      40.00-56.00                     UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      42.00                           DN 3
Kansas        55.00-65.00                     UNCH-DN 5
Minnesota     47.00                           UNCH
Nebraska      50.00-60.00                     UNCH
Wisconsin     51.00                           UNCH
South Dakota  50.00                           DN 12
Missouri      60.00-64.00                     DN 2-DN 1

Ethanol
              Offers         Change ($/gal)
Iowa          1.12-1.20      DN 0.03-DN 0.05
ECB           1.26           UP 0.02-DN 0.02
Kansas        1.12-1.19      DN 0.03-DN 0.02
Minnesota     1.14           DN 0.04
Nebraska      1.12-1.21      DN 0.01-UNCH
Wisconsin     NA             NA
South Dakota  1.13           No Comp

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          24.00-26.25    DN 1-DN 0.75
ECB           23.50-27.00    DN 1.5-UP 0.5
Nebraska      26.00-27.00    UNCH
South Dakota  25.00-26.00    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, Des Moines, IA
        Staff  515-284-4460
        www.ams.usda.gov/mnreports/SJ_GR113.txt
        www.ams.usda.gov/LPSMarketNewsPage

         1101Cnjb