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 7.1775-7.4275  DN 3.5-DN 2.5     -3H to 22H        UNCH-UP 1
            W 7.2775-7.4075  DN 3.5             7H to 20H          UNCH

              Offers         Change ($/ton)
Dried Distillers Grain  (10% Moisture)
            E 260.00-268.00  UP 5-UNCH
            W 260.00-275.00  UNCH-UP 7
       Mostly 265.00-275.00

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

Wet Distillers Grain (65-70% Moisture)
        E & W 93.00-94.00    UNCH

Ethanol       W/E Jan 25     Change ($/gal)
        E & W 2.27-2.35      UP 0.09-UP 0.07

Distillers Corn Oil
(DCO)         W/E Jan 25     Change (¢/lb)
        E & W 36.50-40.00    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 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, Saint Joseph, MO
        Kinley Hartman  816-676-7000  StJoe.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


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