SJ_GR113
Des Moines, IA     Wed, Dec 12, 2018     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  3.5075-3.6775  UP 1.5-UP 2.5    -35H to -18H       DN 1-UNCH
Iowa-Western  3.1875-3.6175  UP 2.5-UP 0.5    -67H to -24H       UNCH-DN 2
Illinois      3.5975-3.8975  DN 0.5-UP 1.5    -26H to 4H         DN 3-DN 1
Indiana       3.6575-3.8275  UP 0.75-UP 4.5   -20H to -3H        DN 11-UP 2
Ohio          3.6875-3.7975  UP 5.5-UP 2.5    -17H to -6H        UP 3-UNCH
Michigan      3.5575-3.7875  UP 2.5           -30H to -7H        UNCH
Kansas        3.7075-4.0675  UP 2.5-UP 7.75   -15H to 30Z        UNCH-UP 5
Minnesota     3.3575-3.5775  UP 2.5           -50H to -28H       UNCH
Nebraska      3.2775-3.6675  DN 2.5-UP 2.5    -58H to -19H       DN 5-UNCH
Wisconsin     3.3175-3.5475  UP 4.5-UP 2.75   -54H to -22z       UP 2-UNCH
South Dakota  3.2875-3.4875  UP 4.5-UP 2.5    -57H to -37H       UP 2-UNCH
Missouri      3.5675-3.7475  UP 2.75-UP 2.5   -20Z to -11H       UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.3175-3.6675  UP 2.75          -45Z to -10Z       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  180.00                          UNCH
Iowa-Western  140.00-180.00                   UNCH
Illinois      140.00-170.00                   UNCH
Indiana       135.00-155.00  135.00-149.00    UNCH
Ohio          140.00-153.00                   UNCH
Michigan      114.00-140.00  135.00-140.00    UNCH
Kansas        155.00-195.00  145.00-165.00    UNCH
Minnesota     155.00-180.00  130.00-140.00    UNCH
Nebraska      130.00-185.00  140.00-155.00    UNCH
Wisconsin     140.00-145.00                   UNCH
South Dakota  137.00-160.00                   UNCH
Missouri      157.00-175.00                   UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  80.00                           UNCH
Iowa-Western  65.00-85.00                     UNCH
Illinois      NA                              NA
Indiana       72.00                           UNCH
Ohio          NA                              NA
Michigan      60.00                           UNCH
Kansas        NA                              NA
Minnesota     72.00                           UNCH
Nebraska      52.00-83.00    68.00-75.00      UNCH
Wisconsin     65.00-75.00                     UNCH
South Dakota  55.00-81.00                     UNCH
Missouri      78.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  40.00-56.00                     UNCH
Illinois      40.00-55.00                     UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      40.00                           UNCH
Kansas        52.00-65.00                     UNCH
Minnesota     48.00                           UNCH
Nebraska      46.00-55.00                     UNCH
Wisconsin     47.00                           UNCH
South Dakota  50.00                           UNCH
Missouri      47.00-52.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.11-1.28      UP 0.06-UP 0.1
ECB           1.13-1.28      DN 0.05-UP 0.03
Kansas        1.10-1.17      DN 0.01-UNCH
Minnesota     1.15-1.18      UP 0.07-UP 0.05
Nebraska      1.11-1.19      DN 0.02-UNCH
Wisconsin     NA             NA
South Dakota  1.18           UP 0.12

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          25.00-27.00    UP 1.25-UNCH
ECB           25.00-27.00    UP 1-DN 1.25
Nebraska      25.50-26.50    UP 0.5-DN 0.5
South Dakota  24.50-25.00    UP 1.5-DN 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

         1045Cnjb