Corn is spot bid at selected Ethanol plants in Iowa 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
Bids Change (¢/bu) Basis Change
Yellow Corn E 5.5200-5.7200 DN 13-DN 12 -29H to -9H UP 1-UP 2
W 5.5800-5.8100 DN 10-DN 14 -23H to OptH UP 4-UNCH
W Mostly 5.6600-5.7600
Offers Change ($/ton)
Dried Distillers Grain (10% Moisture)
E 190.00 UNCH
W 185.00-203.00 UNCH
Modified Wet Distillers Grain (50-55% Moisture)
E 90.00-100.00 UNCH
W 98.00-107.00 UNCH
Wet Distillers Grain (65-70% Moisture)
E & W 64.80-72.00 UNCH
Ethanol W/E Dec 09 Change ($/gal)
E & W 2.15-2.30 DN 0.49-DN 0.45
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 a non-dried product.
Yellow Corn = US #2
E is east of Interstate 35. W is west of Interstate 35.
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
John Kimbrell 515-284-4460 Desm.LGMN@ams.usda.gov
24 Hour recorded market information 515-284-4830
www.ams.usda.gov/mnreports/NW_GR111.txt
www.ams.usda.gov/LSMarketNews
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