Iowa Ethanol Plant Report

Friday, February 3, 2012

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 6.2400-6.4300  UP 8-UP 6          -19H to OptH  UP 7-UP 5
     E Mostly 6.2400-6.3900
            W 6.2400-6.4400  UP 1-UP 2          -19H to 1H    UNCH-UP 1
     W Mostly 6.3100-6.4400

              Offers         Change ($/ton)
Dried Distillers Grain  (10% Moisture)
            E 185.00-195.00  UP 5
            W 180.00-214.00  UP 2
       Mostly 180.00-195.00

Modified Wet Distillers Grain (50-55% Moisture)
            E 90.00-98.00    UP 2-UNCH
            W 90.00-102.00   UNCH
       Mostly 90.00-98.00

Wet Distillers Grain (65-70% Moisture)
        E & W 64.00-92.00    UNCH-UP 2

Ethanol       W/E Feb 03     Change ($/gal)
        E & W 2.04-2.15      DN 0.04-UP 0.02
       Mostly 2.04-2.09

**Weekly Ethanol Wrap-up**
Ethanol's affect on domestic corn use is uncertain, as many trade groups
have no idea on how the blender credit elimination is going to fully affect 
ethanol production. US Ethanol stocks were up 1.1 million barrels from last 
month which limited ethanol advances. 

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
        Erika Sorenson  515-284-4460
 24 Hour recorded market information 515-284-4830

          809C els