SJ_GR113  
Des Moines, IA     Fri, Dec 21, 2018     USDA-IA Dept of Ag Market News
***In observation of the Christmas holiday, this report will not be published
on Dec. 24 and Dec. 25.  ***
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  3.3750-3.5450  UP 0.25          -40H to -23H       UNCH
Iowa-Western  3.1050-3.5750  UP 0.25          -67H to -20H       UNCH
Illinois      3.5350-3.8250  UP 0.25          -24H to 5H         UNCH
Indiana       3.5250-3.7450  UP 0.25          -25H to -3H        UNCH
Ohio          3.6750-3.7150  UP 0.25          -10H to -6H        UNCH
Michigan      3.4750-3.7450  UP 0.25          -30H to -3H        UNCH
Kansas        3.6750-4.0750  UP 0.25          -10H to 30H        UNCH
Minnesota     3.2650-3.4750  DN 0.75-UP 0.25  -51H to -30H       DN 1-UNCH
Nebraska      3.1450-3.5950  UP 0.25          -63H to -18H       UNCH
Wisconsin     3.2750-3.5050  UP 0.25          -50H to -27H       UNCH
South Dakota  3.2350-3.4050  UP 1.25-UP 0.25  -54H to -37H       UP 1-UNCH
Missouri      3.5250-3.6950  UP 0.25          -25H to -8H        UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.3250-3.6750  UP 0.25          -45H to -10H       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  165.00-180.00                   UNCH
Iowa-Western  155.00-180.00                   UNCH
Illinois      140.00-180.00                   UNCH
Indiana       135.00-166.00  135.00-149.00    UNCH
Ohio          140.00-158.00                   UNCH
Michigan      138.00-145.00  135.00-140.00    UNCH
Kansas        170.00-195.00                   UNCH
Minnesota     158.00-170.00                   UNCH
Nebraska      130.00-200.00  140.00-155.00    UNCH
Wisconsin     140.00-152.00                   UNCH
South Dakota  134.00-162.00                   UNCH
Missouri      178.00-185.00                   UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  80.00                           UNCH
Iowa-Western  65.00-87.00                     UNCH
Illinois      NA                              NA
Indiana       72.00                           UNCH
Ohio          NA                              NA
Michigan      60.00                           UNCH
Kansas        NA                              NA
Minnesota     80.00                           UNCH
Nebraska      55.00-96.00    68.00-75.00      UNCH
Wisconsin     67.00-75.00                     UNCH
South Dakota  56.00-83.00                     UNCH
Missouri      93.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  48.00-56.00                     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      52.00-56.00                     UNCH
Wisconsin     47.00                           UNCH
South Dakota  50.00                           UNCH
Missouri      56.00-60.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.10-1.20      UNCH
ECB           1.19-1.25      UP 0.01-DN 0.02
Kansas        1.12-1.18      DN 0.01
Minnesota     1.10-1.16      DN 0.08-DN 0.02
Nebraska      1.12-1.20      UP 0.01-UNCH
Wisconsin     NA             NA
South Dakota  1.09           No Comp

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          24.50-27.00    UP 0.25-UNCH
ECB           24.50-27.00    UP 1-UNCH
Nebraska      24.50-27.50    DN 1.5-UP 0.5
South Dakota  25.50-26.50    UP 1.5-UP 0.5

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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