SJ_GR113
Des Moines, IA     Mon, Mar 04, 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  3.4350-3.7250  UP 2.75-UP 15.5  -30K to -1K        UNCH-UP 4
Iowa-Western  3.3750-3.6450  UP 3.75-UP 2.75  -36K to -9K        UP 1-UNCH
Illinois      3.4450-3.7750  UP 7.5-UP 0.5    -29K to 4K         DN 4-DN 11
Indiana       3.6150-3.7450  UP 5.5-UP 4.5    -12K to 1K         DN 6-DN 7
Ohio          3.6150-3.7450  UP 4.5-UP 2.5    -12K to 1K         DN 7-DN 9
Michigan      3.4950-3.7850  UP 7.5-UP 2.75   -24K to 5K         DN 4-UNCH
Kansas        3.5800-3.8400  DN 1-UP 2        -6H to 20H         DN 3-UNCH
Minnesota     3.3550-3.5750  UP 3.5-UP 8.75   -38K to -16K       DN 8-UP 6
Nebraska      3.3850-3.6450  UP 2.75-UP 2.5   -35K to -9K        UNCH-DN 9
Wisconsin     3.3150-3.4850  UP 2.75-UP 6.5   -42K to -25K       UNCH-DN 5
South Dakota  3.2350-3.4350  UP 2.75          -50K to -30K       UNCH
Missouri      3.5150-3.6950  UP 2.5-UP 4.5    -22K to -4K        DN 9-DN 7

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.4350-3.4850  UP 2.75          -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
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      45.00-55.00                     UP 3-DN 5
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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