Corn prices compared with value of processing products for Iowa ethanol plants

                                       This week      Last week      Last year
                            Unit      Feb 1, 2013   Jan 25, 2013    Feb 3, 2012
Ethanol
tank cars & trucks
Iowa plants                 $/gal            2.36           2.31           2.07

Ethanol yield per
bushel processed            gal              2.80           2.80           2.80

Value from bushel
of corn                     $                6.61           6.47           5.78

Distillers Dried
Grains, 10% moisture
Iowa plants                 $/ton          266.50         262.00         187.50

DDGS yield per
bushel processed            lbs             17.75          17.75          17.75

Value from bushel
of corn                     $                2.37           2.33           1.66

Value of ethanol and
DDGS from bushel
of corn                     $                8.98           8.80           7.44

No. 2 Yellow Corn
truck price
IA points                   $/bu             7.43           7.34           6.35

Difference between
corn price & value
of co-products              $               1.55           1.46            1.10

Bio-Energy Report Notes:
This table is presented for statistical comparison and is not intended to
indicate operating margins. All prices are a simple average derived from
NW_GR111. Terms of these prices are negotiated, spot market, and FOB
the plant.

Source: USDA-MO Dept of Ag 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_GR212.txt
        www.ams.usda.gov/LPSMarketNewsPage

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