Iowa Ethanol Plant Report

Thursday, November 8, 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 7.3825-7.6625  UP 5.25-UP 0.25    -6Z to 22Z    UP 2-DN 3
     E mostly 7.3825-7.6025
            W 7.3925-7.6325  UP 3.25-UP 2.25    -5Z to 19Z    UNCH-DN 1

              Offers         Change ($/ton)
Dried Distillers Grain  (10% Moisture)
            E 263.00-270.00  UNCH
            W 265.00-280.00  UNCH
     W mostly 265.00-270.00

Modified Wet Distillers Grain (50-55% Moisture)
            E 125.00-138.00  UNCH
            W 133.00-140.00  UNCH

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

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

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