SJ_GR113 **Basis Changes Compared to Friday** Saint Joseph, MO Tue, Oct 10, 2017 USDA-MO Dept of Ag Market News National Daily Ethanol Report Corn is spot bid at selected Ethanol plants 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. Yellow Corn Bids Change (¢/bu) Basis Change Iowa-Eastern 3.0450-3.2650 UNCH -45Z to -23Z UNCH Iowa-Western 3.0450-3.2750 UNCH -45Z to -22Z UNCH Illinois 3.1450-3.2950 UNCH-DN 3 -35Z to -20Z UNCH-DN 3 Indiana 3.1150-3.5250 UNCH -38Z to 3Z UNCH Ohio 3.4450-3.5450 UNCH -5Z to 5Z UNCH Michigan 3.1450-3.3150 UNCH-DN 3 -35Z to -18Z UNCH-DN 3 Kansas 3.1950-3.6950 UNCH -30Z to 20Z UNCH Minnesota 2.7150-3.0750 UNCH -78Z to -42Z UNCH Nebraska 2.9750-3.3950 DN 5-UNCH -52Z to -10Z DN 5-UNCH Wisconsin 2.8450-3.2450 UNCH-UP 10 -65Z to -25Z UNCH-UP 10 South Dakota 2.6950-3.0750 UNCH -80Z to -42Z UNCH Missouri 2.9950-3.1150 UNCH -50Z to -38Z UNCH Sorghum (Milo) Bids Change (¢/bu) Basis Change Kansas 3.2450-3.3950 UNCH -25Z to -10Z UNCH Missouri NA NA NA NA Dried Distillers Grain (10% Moisture) Offers Mostly Change ($/ton) Iowa-Eastern 105.00-110.00 UNCH Iowa-Western 100.00-114.00 100.00-108.00 UNCH Illinois 115.00-125.00 116.00-125.00 UNCH Indiana 106.00-120.00 108.00-118.00 UNCH Ohio 108.00-118.00 UNCH Michigan 105.00-108.00 UP 1-UNCH Kansas 120.00-129.00 UNCH Minnesota 107.00-110.00 UP 2-DN 5 Nebraska 110.00-123.00 UP 5-DN 3 Wisconsin 110.00-130.00 UNCH-UP 15 South Dakota 100.00-109.50 104.00-109.50 UNCH Missouri 118.00-122.00 UNCH Modified Wet Distillers Grain (50-55% Moisture) Offers Mostly Change ($/ton) Iowa-Eastern 50.00-52.00 UNCH Iowa-Western 45.00-55.00 UNCH Illinois NA NA Indiana 55.00 UNCH Ohio NA NA Michigan 42.00-45.00 UNCH Kansas NA NA Minnesota 50.00 UNCH Nebraska 46.00-65.00 50.00-55.50 UNCH-UP 4 Wisconsin 48.00-60.00 UNCH South Dakota 43.50-56.00 UP 0.5-UNCH Missouri 65.00 UP 5 Wet Distillers Grain (65-70% Moisture) Offers Mostly Change ($/ton) Iowa-Eastern NA NA Iowa-Western 27.00-44.00 UNCH Illinois 30.00 UNCH Indiana NA NA Ohio NA NA Michigan NA NA Kansas 44.00-55.00 UNCH Minnesota 26.00-35.00 UNCH-DN 5 Nebraska 38.50-50.00 38.50-48.00 UP 3.5-UNCH Wisconsin NA NA South Dakota 30.00 UNCH Missouri 34.00-36.00 UNCH Ethanol Offers Change ($/gal) Iowa 1.40-1.53 DN 0.05 ECB 1.41-1.47 DN 0.1-DN 0.04 Kansas 1.37 DN 0.07 Minnesota 1.33-1.50 DN 0.16-DN 0.08 Nebraska 1.33-1.44 DN 0.09-DN 0.05 Wisconsin NA NA South Dakota 1.50-1.62 UP 0.01-UP 0.04 Distillers Corn Oil (DCO) Offers Change (¢/lb) Iowa 26.00-29.00 UP 1-DN 1 ECB 26.00-29.00 DN 2 Nebraska 26.00-30.00 DN 2-UP 1 South Dakota 24.00-27.00 DN 4-DN 1.5 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 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 Dakota Arthur 816-676-7000 StJoe.LGMN@ams.usda.gov         24 Hour recorded market information 515-284-4830         www.ams.usda.gov/mnreports/SJ_GR113.txt         www.ams.usda.gov/LPSMarketNewsPage 943C dsa