SJ_GR113
Des Moines, IA     Fri, Feb 15, 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  3.4775-3.7675  DN 7             -27H to 2H         DN 3
Iowa-Western  3.4175-3.6875  DN 4             -33H to -6H        UNCH
Illinois      3.4975-3.8275  DN 4             -25H to 8H         UNCH
Indiana       3.6375-3.8475  DN 4             -11H to 10H        UNCH
Ohio          3.6775-3.8075  DN 4             -7H to 6H          UNCH
Michigan      3.5475-3.8475  DN 4             -20H to 10H        UNCH
Kansas        3.7375-3.9475  DN 4             -1H to 20H         UNCH
Minnesota     3.4075-3.5975  DN 4             -34H to -15H       UNCH
Nebraska      3.2775-3.6975  DN 4             -47H to -5H        UNCH
Wisconsin     3.3875-3.4975  DN 4             -36H to -25H       UNCH
South Dakota  3.3075-3.4975  DN 4             -44H to -25H       UNCH
Missouri      3.5975-3.7775  DN 4             -15H to 3H         UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.4475-3.4975  DN 4             -30H to -25H       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  130.00                          UNCH-DN 20
Iowa-Western  125.00-170.00  140.00-150.00    UNCH
Illinois      140.00-180.00  148.00-155.00    UNCH
Indiana       135.00-155.00  147.00-155.00    UNCH
Ohio          137.00-160.00                   UNCH
Michigan      120.00-145.00  135.00-145.00    UNCH
Kansas        145.00-165.00                   UNCH
Minnesota     130.00-140.00                   UNCH
Nebraska      130.00-155.00                   UNCH
Wisconsin     135.00-145.00                   UNCH
South Dakota  130.00-145.00                   UNCH
Missouri      145.00-179.00  165.00-175.00    UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  60.00-80.00                     UNCH
Iowa-Western  50.00-65.00                     UNCH
Illinois      NA                              NA
Indiana       75.00                           UNCH
Ohio          NA                              NA
Michigan      60.00-65.00                     UNCH
Kansas        NA                              NA
Minnesota     75.00                           UNCH
Nebraska      55.00-82.00    75.00-80.00      UNCH
Wisconsin     60.00-75.00                     UNCH
South Dakota  66.00-75.00                     UNCH
Missouri      85.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  30.00-46.00                     UNCH
Illinois      40.00-58.00                     UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      42.00                           UNCH
Kansas        55.00-68.00                     UNCH
Minnesota     47.00                           UNCH
Nebraska      45.00-60.00                     UNCH
Wisconsin     48.00                           UNCH
South Dakota  50.00                           UNCH
Missouri      59.00-60.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.14-1.33      UP 0.01-UP 0.07
ECB           1.31-1.34      UP 0.05-UP 0.04
Kansas        1.14-1.25      UP 0.01-UP 0.03
Minnesota     1.17           UP 0.02-DN 0.13
Nebraska      1.14-1.28      UNCH-UP 0.02
Wisconsin     1.33           UP 0.07-UP 0.03
South Dakota  1.16           UP 0.02

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          23.00-26.25    DN 1-DN 0.75
ECB           23.75-26.50    UP 0.25-UP 0.5
Nebraska      25.00-26.50    UNCH-UP 0.5
South Dakota  23.00-25.00    DN 0.5-UNCH

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

         1042Cnjb