SJ_GR113
Des Moines, IA     Tue, Jan 22, 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  3.5375-3.6675  UP 1.75-UP 4.75  -28H to -15H       UNCH-UP 3
Iowa-Western  3.4375-3.6675  DN 0.25-UP 1.75  -38H to -15H       DN 2-UNCH
Illinois      3.5175-3.7275  UP 1.75          -30H to -9H        UNCH
Indiana       3.6575-3.8175  UP 1.75          -16H to OptH       UNCH
Ohio          3.6975-3.8375  UP 1.75          -12H to 2H         UNCH
Michigan      3.5675-3.8775  UP 1.75          -25H to 6H         UNCH
Kansas        3.7475-4.0675  UP 1.75          -7H to 25H         UNCH
Minnesota     3.3675-3.5775  UP 1.75          -45H to -24H       UNCH
Nebraska      3.4075-3.6775  UP 15.75-UP 0.75 -41H to -14H       UP 14-DN 1
Wisconsin     3.3775-3.5475  UP 1.75          -44H to -27H       UNCH
South Dakota  3.2975-3.4975  UP 1.75          -52H to -32H       UNCH
Missouri      3.6075-3.7375  UP 1.75          -21H to -8H        UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.5175-3.5675  UP 16.75-DN 13.25-30H to -25H       UP 15-DN 15
Missouri      NA             NA               NA                 NA

Dried Distillers Grain  (10% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  140.00                          UNCH
Iowa-Western  135.00-175.00  170.00-175.00    UNCH
Illinois      140.00-160.00  148.00-155.00    UNCH-DN 5
Indiana       140.00-155.00  147.00-155.00    UNCH-DN 5
Ohio          141.00-150.00                   UNCH
Michigan      125.00-145.00  135.00-145.00    UP 3-UNCH
Kansas        145.00-185.00  160.00-170.00    DN 15-DN 10
Minnesota     135.00-150.00  145.00-155.00    DN 6-DN 10
Nebraska      135.00-167.00  150.00-167.00    UNCH
Wisconsin     130.00-140.00                   DN 5-UNCH
South Dakota  140.00-158.00                   DN 5-DN 2
Missouri      155.00-185.00             165.00DN 10-UNCH

Modified Wet Distillers Grain (50-55% Moisture)
              Offers         Mostly           Change ($/ton)
Iowa-Eastern  65.00-80.00                     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     80.00                           UNCH
Nebraska      55.00-85.00    75.00-84.00      UNCH-DN 3
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  40.00-50.00                     UNCH
Illinois      40.00-56.00                     UNCH
Indiana       NA                              NA
Ohio          NA                              NA
Michigan      42.00                           UNCH
Kansas        55.00-75.00                     UNCH-UP 10
Minnesota     47.00                           UNCH
Nebraska      53.00-60.00                     UP 3-UNCH
Wisconsin     47.00                           DN 4
South Dakota  50.00                           UNCH
Missouri      60.00-64.00                     UNCH

Ethanol
              Offers         Change ($/gal)
Iowa          1.10-1.20      DN 0.02-UNCH
ECB           1.22-1.27      DN 0.04-UP 0.01
Kansas        1.10-1.19      DN 0.02-UNCH
Minnesota     1.14-1.17      DN 0-UP 0.03
Nebraska      1.10-1.19      DN 0.02
Wisconsin     NA             NA
South Dakota  1.12           DN 0.01

Distillers Corn Oil (DCO)
              Offers         Change (¢/lb)
Iowa          24.00-27.00    UNCH-UP 0.75
ECB           24.00-26.50    UP 0.5-DN 0.5
Nebraska      25.00-26.50    DN 1-DN 0.5
South Dakota  23.50-24.50    DN 1.5

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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