SJ_GR113
Des Moines, IA     Thu, Mar 07, 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  3.4250-3.6050  DN 3.25-DN 16.25 -30K to -12K       UNCH-DN 13
Iowa-Western  3.3950-3.6450  DN 3.25          -33K to -8K        UNCH
Illinois      3.4750-3.7850  UP 0.75-DN 3.25  -25K to 6K         UP 4-UNCH
Indiana       3.6350-3.7750  DN 0.25-DN 3.25  -9K to 5K          UP 3-UNCH
Ohio          3.6250-3.7350  DN 3.25          -10K to 1K         UNCH
Michigan      3.4850-3.7750  DN 3.25          -24K to 5K         UNCH
Kansas        3.6650-3.8250  DN 3.25-DN 3.5   -6K to 20H         UNCH
Minnesota     3.3450-3.5650  DN 3.25          -38K to -16K       UNCH
Nebraska      3.3750-3.6750  DN 3.25-DN 2.25  -35K to -5K        UNCH-UP 1
Wisconsin     3.3150-3.4750  DN 3.25          -41K to -25K       UNCH
South Dakota  3.2250-3.4350  DN 3.25          -50K to -29K       UNCH
Missouri      3.5250-3.6750  DN 3.25          -20K to -5K        UNCH

Sorghum (Milo)
              Bids           Change (¢/bu)    Basis              Change
Kansas        3.4250-3.4750  DN 3.25          -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      142.00-175.00  148.00-155.00    UNCH
Indiana       130.00-155.00  145.00-155.00    UNCH
Ohio          135.00-155.00  135.00-143.00    UNCH
Michigan      120.00-145.00  128.00-138.00    UNCH
Kansas        145.00-165.00                   UNCH
Minnesota     130.00-135.00                   UNCH
Nebraska      130.00-159.00  140.00-150.00    UNCH
Wisconsin     130.00-145.00                   UNCH
South Dakota  130.00-143.00                   UNCH
Missouri      152.00-175.00  152.00-155.00    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    69.00-80.00      UNCH
Wisconsin     60.00-70.00                     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      30.00                           UNCH
Kansas        55.00-68.00                     UNCH
Minnesota     40.00-48.00                     UNCH
Nebraska      45.00-60.00                     UNCH
Wisconsin     48.00                           UNCH
South Dakota  42.00                           UNCH
Missouri      55.00-60.00                     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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