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 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
828CJRI