Ethanol At A Glance


Ethanol at a Glance - March 23rd Edition

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For the week ending on March 18, 2016 the EIA reported a corn for ethanol grind of 104.5 million bushels.. Crush margins pulled back sharply this past week while inventories are down 788,000 barrels from the recent high. The rate needed to meet the USDA 5.225 Billion bushel target continues to fall, now pegged at 94.2 million bushels per week. See below.


Gasoline demand continues to remain strong coming in at 9.3% higher than this time last year.


The chart below points to a higher expected gasoline demand moving forward. This implies that ethanol stocks will likely draw down at some point, giving a lift to ethanol futures and backstopping corn when it happens. 



Producer margins were down this week due in part to a 6 cent decline in ethanol futures while prices for FOB distiller grains traded between $4.00 to $7.00 lower than the week prior.




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Quotes are delayed at least 10-minutes. Market Data provided by Barchart.com
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