Iowa Ethanol Plant Report

Friday, February 1, 2013

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 7.4250-7.6350  UP 0.25            2H to 23H     UNCH
            W 7.4750-7.6350  UP 0.25-UP 3.25    7H to 23H     UNCH-UP 3

              Offers         Change ($/ton)
Dried Distillers Grain  (10% Moisture)
            E 260.00-270.00  UNCH-UP 2
            W 265.00-280.00  UP 5
       Mostly 260.00-270.00

Modified Wet Distillers Grain (50-55% Moisture)
            E NA             NA
            W NA             NA

Wet Distillers Grain (65-70% Moisture)
        E & W NA             NA

Ethanol       W/E Feb 01     Change ($/gal)
        E & W 2.32-2.40      UP 0.05

Distillers Corn Oil
(DCO)         W/E Feb 01     Change (/lb)
        E & W 37.00-40.00    UP 0.50-UNCH
       Mostly 37.00-38.00

**Weekly Wrap Up:**
Spot market ethanol prices this week were mostly $.02-.05 higher.  Prices 
increased as the week progressed.  Moderate demand was reported.  U.S. ethanol 
manufacturing decreased this past week, sinking output to historically lower 
levels.  Coupled with dismal manufacturing, ethanol imports also decreased by an 
average of 58,000 barrels per day.  Although there was a reduced supply, ethanol 
reserves increased to 20.5 million barrels.  

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
        24 Hour recorded market information 515-284-4830

 820C   kkh