Iowa Ethanol Plant Report

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 7.3800-7.6900  DN 8.75-DN 11.75   -13Z to 18Z   DN 4-DN 7
     E mostly 7.3800-7.5800
            W 7.4600-7.7300  DN 4.75            -5Z to 22Z    UNCH
     W mostly 7.4600-7.6600

              Offers         Change ($/ton)
Dried Distillers Grain  (10% Moisture)
            E 263.00-270.00  UP 3-DN 2
            W 265.00-280.00  DN 5-UP 5
     W mostly 265.00-270.00

Modified Wet Distillers Grain (50-55% Moisture)
            E 125.00-138.00  DN 10-DN 2
            W 133.00-140.00  UP 4-UNCH

Wet Distillers Grain (65-70% Moisture)
        E & W 70.00-82.00    DN 9-UNCH

Ethanol       W/E Nov 02     Change ($/gal)
        E & W 2.26-2.38      DN 0.02
       Mostly 2.26-2.35

Distillers Corn Oil
(DCO)         W/E Nov 02     Change (¢/lb)
        E & W 28.00-32.00    DN 3.00-DN 2.00

**Weekly Wrap Up:
Spot market ethanol trades this week were steady to $.02 lower with very
light demand. Ethanol imports increased to an average of 58,000 barrels per 
day for the week of October 22, which is causing ever-increasing inventories
of domestic ethanol.

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