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 7.3600-7.6600  DN 2.25            -5Z to 25Z    UNCH
            W 7.3625-7.6300  DN 2-DN 7.25       -9H to 22Z    DN 4-DN 1

              Offers         Change ($/ton)
Dried Distillers Grain  (10% Moisture)
            E 250.00         UNCH
            W 245.00-278.00  UNCH
       Mostly 250.00-265.00

Modified Wet Distillers Grain (50-55% Moisture)
            E 120.00-131.00  UNCH
            W 128.00-132.00  UNCH

Wet Distillers Grain (65-70% Moisture)
        E & W 82.00-92.00    UNCH

Ethanol       W/E Nov 21     Change ($/gal)
        E & W 2.24-2.35      UP 0.02-UNCH
       Mostly 2.27-2.35

Distillers Corn Oil
(DCO)         W/E Nov 21     Change (¢/lb)
        E & W 30.00-33.00    UNCH-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.  Distillers corn oil is intended for animal feed
or biofuel and is not Generally Regarded As Safe (GRAS) for human consumption.
It may also be referred to as inedible crude corn oil or crude corn oil.

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
        Jodie Pitcock  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