Iowa Ethanol Plant Report

Wednesday, March 7, 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 6.3600-6.4900  DN 5-DN 7          -18K to -5K   UP 2-UNCH
            W 6.4100-6.5700  UNCH-DN 7          -13K to 3K    UP 7-UNCH
     W mostly 6.4100-6.5100

              Offers         Change ($/ton)
Dried Distillers Grain  (10% Moisture)
            E 198.00-202.00  UNCH
            W 195.00-205.00  UNCH
 E & W Mostly 198.00-205.00

Modified Wet Distillers Grain (50-55% Moisture)
            E 94.00-102.00   UNCH
            W 85.00-103.00   UNCH
E & W Mostly 100.00-103.00

Wet Distillers Grain (65-70% Moisture)
        E & W 64.00-92.00    UNCH
       Mostly 64.00-72.00

Ethanol       W/E Mar 02     Change ($/gal)
        E & W 2.05-2.15      UP 0.04-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 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
        Jodee Inman  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


          810C  JRI