Corn basis numbers in your part of the country???

RGMartin

Well-known Member
Pondering the "food shortage" being reported in the news today. Basically all but but one place locally who buys grain is full and not buying until at least July. I am in line at the one place that is buying, where I generally don't have to wait. Usually this time of year corn is even to a .20 positive basis, We are .40(not taking as of yesterday) to .65 under.
 
Heard on local news, could be fake news. 47% of Indiana corn is
turned into ethanol. Indiana is the 5th largest ethanol
producer. Nationwide 40% of all US corn is turned into ethanol.

The US ethanol industry may be the US's largest consumer of
corn..

Not responsible for what I heard on the news.

Farmers in my hood rotate crops. Rarely see a farmer repeat the
same crop. Corn one year beans the next.

The Farmer about a mile away has many large grain bins and a
grain dryer. NO idea how much of his total corp goes directly to
market and how much he stores.. He's always hauling grain in the
winter..
 
The distillers grain left after Ethanol is produced is used here by feeders and large dairies as an excellent feed for the cattle. Very little of an original bushel of corn is not used in the production of ethanol. People try to make it sound as if ethanol is the cause of food shortages.
 
(quoted from post at 17:30:49 04/28/22) The distillers grain left after Ethanol is produced is used here by feeders and large dairies as an excellent feed for the cattle. Very little of an original bushel of corn is not used in the production of ethanol. People try to make it sound as if ethanol is the cause of food shortages.

It amazes me how the "news folks" never mention the animal feed product left from the corn used to make alcohol.

Listening to them the uninformed are lead to believe the corn is completely consumed in the process, it seems.
 
Here in Central Siberia (I can't wait for global warming to kick in) Corn basis is -63.00 Cash price $7.49 Soybeans basis -60.00 Cash price 16.23.
 
Northwest Iowa our local elevator is -7. The ethanol plant a quarter mile away from the elevator is +24. Guess which direction the trucks are turning! The elevator is like a ghost town.
 
(quoted from post at 21:19:46 04/28/22)
(quoted from post at 17:30:49 04/28/22) The distillers grain left after Ethanol is produced is used here by feeders and large dairies as an excellent feed for the cattle. Very little of an original bushel of corn is not used in the production of ethanol. People try to make it sound as if ethanol is the cause of food shortages.

It amazes me how the "news folks" never mention the animal feed product left from the corn used to make alcohol.

Listening to them the uninformed are lead to believe the corn is completely consumed in the process, it seems.

Distillers hit $17/100 today, highest the owner of the feed mill I am selling to has ever paid.
 
It's different... higher in protein, similar energy, but the energy comes from fat vs starch (carbs). It is as much a replacement for soybean meal as corn grain. It does work well in many livestock diets.

Essentially, ethanol removes all the starch, and the distillers are what is left over- the protein, corn oil, minerals.

Another byproduct of ethanol production is CO2. Some plants are bottling this, and selling it to food industry. It's then used in various places, feeding beer taps is one of them. So while people are having a beer complaining about ethanol, they are actually consuming the product! Or at least a co-product is used to keep their beer fresh.
 
Pork plant in Centralia , Mo paying $8.42 for June , 28 cents over CBOT price. They will take whatever we
want to bring. Thinking about selling the rest of our old crop corn today. Wish I had held all of it until now.
This will be our best year ever.
 
Forgot to say I'm in extreme western PA.

Officially speaking, our nearest ethanol plant is "closed for maintenance". Unofficially rumor is, they were full before they closed. They were even, but I'd have as much in trucking as the local basis.
 
Sounds about right, over 50 percent of the corn raised in Iowa is now used to make ethanol. Iowa has a lot of ethanol plants.

I've read that a bushel of corn yields about 2.7 gallons of ethanol and 17 pounds of distillers grain. How much of the essential proteins are preserved in distillers grain? In hog feed we added soybean meal to ground corn to maintain the proper lysine levels. Are supplements needed to use distillers grain too?
 

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