SJ_GR113
Des Moines, IA     Fri, Jan 25, 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  3.5000-3.7200  DN 0.75-DN 1.75  -27H to -5H        UP 1-UNCH
Iowa-Western  3.3900-3.6300  DN 1.75          -38H to -14H       UNCH
Illinois      3.4700-3.8300  DN 1.75          -30H to 6H         UNCH
Indiana       3.6200-3.8200  DN 0.75-DN 1.75  -15H to 5H         UP 1-UNCH
Ohio          3.6500-3.7700  DN 1.75          -12H to OptH       UNCH
Michigan      3.5200-3.8300  DN 1.75          -25H to 6H         UNCH
Kansas        3.7300-4.0200  DN 1.75          -4H to 25H         UNCH
Minnesota     3.3300-3.6200  DN 0.75-DN 1.75  -44H to -15H       UP 1-UNCH
Nebraska      3.3600-3.6500  DN 1.75          -41H to -12H       UNCH
Wisconsin     3.3300-3.5000  DN 1.75          -44H to -27H       UNCH
South Dakota  3.2700-3.4600  DN 1.75          -50H to -31H       UNCH
Missouri      3.6000-3.7200  UP 1.25-DN 1.75  -17H to -5H        UP 3-UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.4700-3.5200  DN 1.75          -30H to -25H       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  140.00                          UNCH
Iowa-Western  135.00-170.00  170.00-175.00    UNCH-DN 5
Illinois      140.00-160.00  148.00-155.00    UNCH
Indiana       140.00-155.00  147.00-155.00    UNCH
Ohio          137.00-150.00                   UNCH
Michigan      125.00-145.00  135.00-145.00    UNCH
Kansas        145.00-185.00  160.00-170.00    UNCH
Minnesota     133.00-150.00  145.00-150.00    UNCH
Nebraska      135.00-167.00  150.00-167.00    UNCH
Wisconsin     130.00-140.00                   UNCH
South Dakota  140.00-158.00                   UNCH
Missouri      155.00-185.00  165.00-185.00    UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  60.00-80.00                     DN 5-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      55.00-85.00    75.00-84.00      UNCH
Wisconsin     62.00-75.00                     UNCH
South Dakota  66.00-81.00                     UNCH
Missouri      85.00                           UNCH

Wet Distillers Grain (65-70% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  NA                              NA
Iowa-Western  40.00-45.00                     UNCH-DN 5
Illinois      40.00-56.00                     UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      42.00                           UNCH
Kansas        55.00-75.00                     UNCH
Minnesota     47.00                           UNCH
Nebraska      53.00-60.00                     UNCH
Wisconsin     47.00                           UNCH
South Dakota  50.00                           UNCH
Missouri      60.00-64.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.10-1.25      UNCH-UP 0.05
ECB           1.24-1.27      UP 0.02-UNCH
Kansas        1.10-1.19      UNCH
Minnesota     1.13-1.18      DN 0.01-UP 0.01
Nebraska      1.13-1.21      UP 0.03-UP 0.02
Wisconsin     NA             NA
South Dakota  1.12           UP 0.01

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          23.00-26.00    DN 1
ECB           24.00-26.75    UNCH-UP 0.25
Nebraska      25.50-26.00    UP 0.5-DN 0.5
South Dakota  23.00-25.00    DN 0.5-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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