SJ_GR113
Des Moines, IA     Fri, Mar 29, 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  3.5000-3.6900  UP 0.25          -24K to -5K        UNCH
Iowa-Western  3.4600-3.6600  UP 0.25-DN 0.75  -28K to -8K        UNCH-DN 1
Illinois      3.5700-3.8000  DN 1.75-UP 0.25  -17K to 6K         DN 2-UNCH
Indiana       3.6900-3.8200  DN 0.75-DN 1.75  -5K to 8K          DN 1-DN 2
Ohio          3.6600-3.8000  UP 0.25          -8K to 6K          UNCH
Michigan      3.5000-3.8200  UP 0.25          -24K to 8K         UNCH
Kansas        3.7900-3.9900  UP 0.25          5K to 25K          UNCH
Minnesota     3.3800-3.6300  UP 0.25-UP 1.25  -36K to -11K       UNCH-UP 1
Nebraska      3.3100-3.6900  UP 2.25-UP 0.25  -43K to -5K        UP 2-UNCH
Wisconsin     3.3400-3.4900  UP 0.25          -40K to -25K       UNCH
South Dakota  3.3600-3.5300  UP 0.25          -38K to -21K       UNCH
Missouri      3.5400-3.7700  UP 0.25-UP 3.25  -20K to 3K         UNCH-UP 3

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.5400-3.5900  UP 0.25          -20K to -15K       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  140.00                          UNCH
Iowa-Western  125.00-160.00                   DN 10-UP 14
Illinois      142.00-170.00  148.00-155.00    UNCH
Indiana       133.00-156.00  145.00-155.00    UNCH
Ohio          143.00-145.00                   UNCH
Michigan      125.00-143.00  128.00-138.00    UNCH
Kansas        145.00-185.00                   UNCH
Minnesota     126.00-135.00                   UNCH
Nebraska      135.00-188.00  140.00-150.00    UNCH
Wisconsin     133.00-145.00                   UNCH
South Dakota  132.00-146.00                   UNCH
Missouri      150.00-169.00  152.00-155.00    UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  65.00-70.00                     UP 5
Iowa-Western  57.00-77.00                     UP 7-UP 2
Illinois      NA                              NA
Indiana       75.00                           UNCH
Ohio          NA                              NA
Michigan      60.00-65.00                     UNCH
Kansas        NA                              NA
Minnesota     63.00                           UNCH
Nebraska      65.00-91.00    69.00-80.00      UNCH
Wisconsin     60.00-75.00                     UNCH
South Dakota  66.00-77.00                     UNCH
Missouri      82.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  45.00-50.00                     UP 15-UP 10
Illinois      40.00-58.00                     UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      60.00                           UNCH
Kansas        55.00-68.00                     UNCH
Minnesota     40.00-48.00                     UNCH
Nebraska      40.00-55.00                     UNCH
Wisconsin     48.00                           UNCH
South Dakota  42.00                           UNCH
Missouri      57.00-60.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.26-1.50      DN 0.04-UNCH
ECB           1.40-1.43      UP 0.03-DN 0.03
Kansas        1.30-1.41      DN 0.03-DN 0.1
Minnesota     1.24           No Comp
Nebraska      1.30-1.43      UNCH-DN 0.08
Wisconsin     1.41-1.50      DN 0.04-UP 0.04
South Dakota  1.27           No Comp

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          23.00-27.00    UNCH-UP 1
ECB           23.50-26.00    UP 0.5-UP 1
Nebraska      25.50-26.00    UP 0.5-UNCH
South Dakota  23.00-25.25    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

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