Iowa Ethanol Plant Report

Thursday, August 16, 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,
              corn oil cents/pound

              Bids           Change (/bu)      Basis         Change
Yellow Corn E 7.9400-8.4900  UP 14.25-UP 24.25  OptU to 45Z   UNCH
     E mostly 7.9400-8.2400
            W 7.8900-8.2900  UP 14.25-UP 30     -5U to 25Z    UNCH-UP 15

              Offers         Change ($/ton)
Dried Distillers Grain  (10% Moisture)
            E 300.00-310.00  UNCH
            W 295.00-315.00  UNCH

Modified Wet Distillers Grain (50-55% Moisture)
            E 150.00-155.00  UNCH
            W 140.00-157.00  UNCH

Wet Distillers Grain (65-70% Moisture)
        E & W 74.50-99.00    UNCH

Ethanol       W/E Aug 10     Change ($/gal)
        E & W 2.47-2.55      UP 0.02-DN 0.05

Corn Oil      W/E Aug 10     Change (/lb)
        E & W 0.35-0.38      DN 0.01-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
 24 Hour recorded market information 515-284-4830