Iowa Ethanol Plant Report

Monday, September 17, 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 7.6200-8.0200  UP 8.25-UP 11.25   -20Z to 20Z   UNCH-UP 3
     E mostly 7.6200-7.8900
            W 7.5700-7.8200  UP 8.25            -25Z to OptZ  UNCH

              Offers         Change ($/ton)
Dried Distillers Grain  (10% Moisture)
            E 278.00-285.00  UNCH
            W 275.00-290.00  UNCH

Modified Wet Distillers Grain (50-55% Moisture)
            E 138.00-142.00  UNCH
            W 133.00-155.00  UNCH
     W mostly 133.00-142.00

Wet Distillers Grain (65-70% Moisture)
        E & W 86.50-94.00    UNCH

Ethanol       W/E Sep 14     Change ($/gal)
        E & W 2.30-2.49      DN 0.12-DN 0.06
       Mostly 2.30-2.35

Distillers Corn Oil
(DCO)         W/E Sep 14     Change (/lb)
        E & W 39.00-42.00    UP 1.00

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