SJ_GR113
Des Moines, IA     Fri, Mar 01, 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  3.4075-3.5700  DN 1-DN 1.75     -30K to -5H        DN 8-UNCH
Iowa-Western  3.3375-3.6175  DN 2-UP 1        -37K to -9K        UP 1-DN 6
Illinois      3.3700-3.7700  DN 1.75          -25H to 15H        UNCH
Indiana       3.5600-3.7000  DN 1.75          -6H to 8H          UNCH
Ohio          3.5700-3.7200  DN 1.75          -5H to 10H         UNCH
Michigan      3.4200-3.7575  DN 1.75-DN 3     -20H to 5K         UNCH
Kansas        3.5900-3.8200  DN 1.75          -3H to 20H         UNCH
Minnesota     3.3200-3.4875  DN 1.75-DN 2     -30H to -22K       UNCH-UP 1
Nebraska      3.3575-3.6200  UP 7-DN 1.75     -35K to OptH       UP 10-UNCH
Wisconsin     3.2875-3.4200  DN 3-UP 3.25     -42K to -20H       UNCH-UP 5
South Dakota  3.2075-3.4075  UNCH-DN 3        -50K to -30K       DN 7-UNCH
Missouri      3.4900-3.6500  DN 1.75          -13H to 3H         UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.4075-3.4575  UP 7             -30K to -25K       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  130.00-135.00                   UNCH-UP 2
Iowa-Western  125.00-145.00                   UNCH
Illinois      145.00-180.00  148.00-155.00    UNCH
Indiana       130.00-155.00  147.00-155.00    UNCH
Ohio          138.00-145.00                   UNCH
Michigan      125.00-145.00  135.00-145.00    UNCH
Kansas        145.00-165.00                   UNCH
Minnesota     130.00-135.00                   UNCH
Nebraska      130.00-159.00                   UNCH
Wisconsin     135.00-145.00                   UNCH
South Dakota  130.00-145.00                   UNCH
Missouri      145.00-175.00  165.00-175.00    UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  60.00                           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     68.00                           UNCH
Nebraska      55.00-80.00    75.00-80.00      UNCH
Wisconsin     60.00-75.00                     UNCH
South Dakota  67.00-75.00                     UNCH
Missouri      80.00                           UNCH

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

Ethanol
              Offers         Change ($/gal)
Iowa          1.23-1.30      UP 0.07-UNCH
ECB           1.20-1.33      DN 0.03-DN 0.01
Kansas        1.26-1.29      UP 0.04-UP 0.01
Minnesota     1.20           UP 0.01
Nebraska      1.18-1.28      DN 0.04-UP 0.05
Wisconsin     NA             NA
South Dakota  1.19           UNCH

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          23.00-25.00    UNCH-DN 2
ECB           23.00-29.00    UNCH-UP 1
Nebraska      23.50-25.00    DN 1.5-DN 1
South Dakota  23.00-25.00    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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