SJ_GR113
Des Moines, IA     Mon, Dec 10, 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  3.5000-3.6700  UNCH             -35H to -18H       UNCH
Iowa-Western  3.1800-3.6500  UNCH-UP 2        -67H to -20H       UNCH-UP 2
Illinois      3.6400-3.9500  UP 2-UNCH        -21H to 10H        UP 2-UNCH
Indiana       3.6650-3.8000  UP 2-UNCH        -9Z to -5H         UNCH
Ohio          3.6500-3.7900  UNCH             -20H to -6H        UNCH
Michigan      3.5550-3.7800  DN 9.5-UNCH      -20Z to -7H        UNCH
Kansas        3.7000-4.0050  UNCH-UP 2        -15H to 25Z        UNCH
Minnesota     3.3500-3.5700  DN 2-UNCH        -50H to -28H       DN 2-UNCH
Nebraska      3.3200-3.6800  UNCH-DN 3        -53H to -17H       UNCH-DN 3
Wisconsin     3.2900-3.5300  UP 2-UNCH        -56H to -32H       UP 2-UNCH
South Dakota  3.2600-3.4600  UNCH             -59H to -39H       UNCH
Missouri      3.6400-3.7400  UP 10.5-UNCH     -21H to -11H       DN 1-UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.3050-3.6550  UP 2             -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          138.00-147.00                   UNCH
Michigan      114.00-140.00  135.00-140.00    UNCH
Kansas        155.00-180.00  145.00-165.00    UNCH
Minnesota     130.00-160.00  130.00-140.00    UNCH
Nebraska      130.00-190.00  140.00-155.00    UNCH-UP 5
Wisconsin     135.00-145.00                   UNCH
South Dakota  136.00-158.00                   UNCH
Missouri      157.00-168.00                   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      55.00                           UNCH
Kansas        NA                              NA
Minnesota     72.00                           UNCH
Nebraska      55.00-94.00    68.00-75.00      UP 3-UP 11
Wisconsin     57.00-75.00                     UNCH
South Dakota  54.00-74.00                     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     42.00                           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

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