Iowa Ethanol Plant Report

Friday, April 27, 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 5.9800-6.3800  UP 7-UP 12         -10N to 30N   UNCH-UP 5
     E mostly 5.9800-6.2300
            W 5.9800-6.3000  UP 7               -10N to 22N   UNCH
     W mostly 5.9800-6.1800

              Offers         Change ($/ton)
Dried Distillers Grain  (10% Moisture)
            E 207.00-212.00  UNCH
            W 205.00-217.00  UNCH
     W mostly 205.00-212.00

Modified Wet Distillers Grain (50-55% Moisture)
            E 100.00-112.00  UNCH
     E mostly 100.00-103.00
            W 103.00-106.00  UNCH

Wet Distillers Grain (65-70% Moisture)
        E & W 65.00-98.00    UNCH
 E & W mostly 65.00-74.00

Ethanol       W/E Apr 27     Change ($/gal)
        E & W 2.04-2.16      UNCH-UP 0.01
 E & W mostly 2.04-2.09

**Weekly Wrap Up:
Spot market ethanol trades this week were mostly steady with light demand
and heavy offerings. Spot trades were limited in many areas, including 
Illinois, Wisconsin and Kansas. 

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
 24 Hour recorded market information 515-284-4830

          824C JRI