A dry grind process for recovering corn germ and corn coarse fiber from corn, said dry grind process comprising soaking corn kernels in water to produce soaked corn kernels, grinding said soaked corn kernels to produce a ground corn slurry, incubating said ground corn slurry with at least one enzyme selected from the group consisting of amylases, proteases, cell wall degrading enzymes, and mixtures thereof, to increase the specific gravity of said slurry to about 7-about 11 Baume so that the corn germ floats to the top of said slurry, recovering said corn germ, incubating said ground corn slurry no longer containing said corn germ with at least one enzyme selected from the group consisting of amylases, proteases, cell wall degrading enzymes, and mixtures thereof to increase the specific gravity of said slurry to about 11-about 16 Baume so that the corn coarse fiber floats to the top of said slurry, recovering said corn coarse fiber, and optionally producing ethanol from the slurry no longer containing said corn germ and corn coarse fiber.