Iowa Ethanol Plant Report

Monday, March 12, 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 6.2600-6.4500  UP 9-UP 15         -19K to OptK  UNCH-UP 6
     E mostly 6.3000-6.4500
            W 6.3000-6.4200  UP 14-DN 1         -15K to -3K   UP 5-DN 10
              Offers         Change ($/ton)
Dried Distillers Grain  (10% Moisture)
            E 200.00-205.00  UNCH
            W 198.00-206.00  UNCH

Modified Wet Distillers Grain (50-55% Moisture)
            E 95.00-102.00   UNCH
            W 101.00-105.00  UNCH

Wet Distillers Grain (65-70% Moisture)
        E & W 65.25-74.00    UNCH

Ethanol       W/E Mar 09     Change ($/gal)
        E & W 2.15-2.25      UP 0.10
       Mostly 2.18-2.22

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
 24 Hour recorded market information 515-284-4830