NW_GR111
Des Moines, IA     Fri, Jul 18, 2008     USDA 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

                   Bids         Change (¢/bu)       Basis          Change
Yellow Corn E  5.5625-5.8125      DN 27.25       -75U to -50U       UNCH
       Mostly  5.6825-5.8125                     -63U to -50U

            W  5.5125-5.8825      DN 27.25       -80U to -43U       UNCH
       Mostly  5.6325-5.8825                     -68U to -43U

                  Offers       Change ($/ton)
Dried Distillers Grain  (10% Moisture)
            E  175.00-185.00     DN 5-DN 10
            W  178.00-185.00     DN 2-DN 20

Modified Wet Distillers Grain (50-55% Moisture)
            E      90.00          UNCH-DN 5
            W   85.00-90.00       UNCH-DN 5

Wet Distillers Grain (65-70% Moisture)
        E & W   55.00-82.50         UNCH

Ethanol         W/E Jul 18     Change ($/gal)
        E & W    2.45-2.69     DN 0.20-DN 0.11
Ethanol prices deteriorated throughout the week as falling crude oil and 
corn prices lent no support to the ethanol market.

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.

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, Des Moines, IA
        Phone: 515-284-4460   email: desm.lgmn@usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/LSMarketNews

8:30C         JFG

.