Iowa Ethanol Plant Report

Tuesday, October 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 7.2225-7.5725  DN 15.5-DN 18.5    -15Z to 20Z   UNCH-DN 3
     E mostly 7.2225-7.3725
            W 7.2225-7.5225  DN 15.5            -15Z to 15Z   UNCH
     W mostly 7.2225-7.3725

              Offers         Change ($/ton)
Dried Distillers Grain  (10% Moisture)
            E 270.00-275.00  UNCH
            W 260.00-279.00  UNCH
     W mostly 270.00-279.00

Modified Wet Distillers Grain (50-55% Moisture)
            E 135.00-140.00  UNCH
            W 129.00-140.00  UNCH

Wet Distillers Grain (65-70% Moisture)
        E & W 88.00-92.00    UNCH

Ethanol       W/E Oct 12     Change ($/gal)
        E & W 2.30-2.39      UP 0.12-UP 0.02

Distillers Corn Oil
(DCO)         W/E Oct 12     Change (/lb)
        E & W 35.00-39.00    DN 3.00-DN 2.00

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