Iowa Ethanol Plant Report

Friday, December 7, 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 7.4650-7.6650  DN 6.25-DN 11.25   -5H to 15H    UNCH-DN 5
            W 7.5150-7.7550  DN 6.25            OptH to 24H   UNCH
     W mostly 7.5150-7.7550

              Offers         Change ($/ton)
Dried Distillers Grain  (10% Moisture)
            E 250.00-258.00  UNCH-UP 2
            W 252.00-265.00  UP 1-DN 13
     W mostly 250.00-260.00

Modified Wet Distillers Grain (50-55% Moisture)
            E 127.00-135.00  DN 3-UNCH
            W 130.00-135.00  UP 2-UP 1

Wet Distillers Grain (65-70% Moisture)
        E & W 83.00-92.00    UNCH

Ethanol       W/E Dec 07     Change ($/gal)
        E & W 2.28-2.38      DN 0.01

Distillers Corn Oil
(DCO)         W/E Dec 07     Change (/lb)
        E & W 31.00-36.00    DN 0.50-UNCH

**Weekly Wrap UP:
Spot market ethanol trades this week were few and far between with demand
reportedly moderate at best. With lower demand for gasoline, and decreasing
profit margins for ethanol producers due to high production costs, prices
were mostly steady.

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
        Jodee Inman  515-284-4460
 24 Hour recorded market information 515-284-4830