SJ_GR113
Des Moines, IA     Mon, Feb 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  3.4825-3.7125  DN 0.25          -27H to -4H        UNCH
Iowa-Western  3.4525-3.6925  DN 0.25-DN 3.25  -30H to -6H        UNCH-DN 3
Illinois      3.5025-3.9025  DN 0.25          -25H to 15H        UNCH
Indiana       3.6825-3.8025  DN 0.25          -7H to 5H          UNCH
Ohio          3.7025-3.8125  UP 1.75-DN 0.25  -5H to 6H          UP 2-UNCH
Michigan      3.5525-3.8525  DN 0.25          -20H to 10H        UNCH
Kansas        3.6725-3.9525  DN 5.25-DN 0.25  -8H to 20H         DN 5-UNCH
Minnesota     3.4525-3.6025  UP 1.75-DN 0.25  -30H to -15H       UP 2-UNCH
Nebraska      3.3125-3.7525  DN 0.25-UP 1.75  -44H to OptH       UNCH-UP 2
Wisconsin     3.3925-3.5025  DN 0.25          -36H to -25H       UNCH
South Dakota  3.3225-3.5225  DN 0.25          -43H to -23H       UNCH
Missouri      3.6025-3.7825  DN 0.25          -15H to 3H         UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.4525-3.5025  DN 0.25          -30H to -25H       UNCH
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  130.00-133.00                   UNCH
Iowa-Western  125.00-145.00                   UNCH
Illinois      140.00-185.00  148.00-155.00    UNCH
Indiana       133.00-155.00  147.00-155.00    UNCH
Ohio          137.00-145.00                   UNCH
Michigan      122.00-144.00  135.00-145.00    UNCH
Kansas        145.00-165.00                   UNCH
Minnesota     130.00-135.00                   UNCH
Nebraska      130.00-150.00                   UNCH
Wisconsin     130.00-145.00                   UNCH
South Dakota  132.00-145.00                   UNCH
Missouri      145.00-179.00  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      78.00                           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        59.00-66.00                     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          1.16-1.30      UP 0.02-DN 0.03
ECB           1.23-1.35      DN 0.08-UP 0
Kansas        1.22-1.28      UP 0.08-UP 0.03
Minnesota     1.19           UP 0.02
Nebraska      1.22-1.23      UP 0.08-DN 0.05
Wisconsin     1.33-1.35      DN 0.01-UP 0.01
South Dakota  1.19           UP 0.03

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          23.00-27.00    UNCH-UP 0.75
ECB           23.00-28.00    DN 0.75-UP 1.5
Nebraska      25.00-26.00    UNCH-DN 0.5
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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