NW_GR111
Saint Joseph, MO     Fri, May 24, 2013     USDA-MO Dept of Ag Market News

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 6.9700-7.3200  DN 4.5-UP 3.5      35N to 70N    DN 8-UNCH
            W 6.9700-7.2700  DN 1.5             35N to 65N    DN 5

              Offers         Change ($/ton)
Dried Distillers Grain  (10% Moisture)
            E 223.00-230.00  UP 3-UNCH
            W 208.00-229.00  DN 2-DN 1
       Mostly 215.00-228.00

Modified Wet Distillers Grain (50-55% Moisture)
            E 112.00-120.00  UNCH
            W 110.00-117.00  UNCH-UP 2

Wet Distillers Grain (65-70% Moisture)
        E & W 75.00-81.00    DN 3-UNCH

Ethanol       W/E May 24     Change ($/gal)
        E & W NA             NA

Distillers Corn Oil
(DCO)         W/E May 17     Change (¢/lb)
        E & W 36.00-39.00    UP 1.00
       Mostly 36.00-38.00

**Weekly Wrap Up:**
  Ethanol market values trading mostly steady to .02 higher this week, 
fluctuation from day to day noted much of the week.  Weekly ethanol 
manufacturing increased 18,000 barrels from previous week, that’s 875,000 
barrels of ethanol per day.  Ethanol stocks decreased 247,000 barrels from the 
prior week and now stands at 16.18 million.  More attractive margins are the 
main reason for increased ethanol output.  Ethanol values rebounded somewhat 
this week in the majority of areas as ethanol continued to follow the corn 
complex.  

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/LPSMarketNewsPage


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