Ethanol At A Glance


Ethanol at a Glance - April 13th Edition

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For the week ending on April 8, 2016 corn used in last week's production came in at 98.5 million bushels – down four million bushels from last week. Although a dip in production this time of year is in line with past seasonal patterns it is worth noting that this is the first time in which production has dipped below USDA target average grind. This crop year's cumulative corn used for ethanol production for this crop year is 3.270 billion bushels. Corn use needs to average just 94.3 million bushels per week to meet this crop year's recently adjusted USDA estimate of 5.250 billion bushels. See below.


Gasoline demand continues to remain strong, coming in at 7.5% higher than this time last year.


Inventories gained 103,000 barrels on the week.


Producer margins continue to improve gaining more than 10 cents/gal (35 cents/bu) in about two weeks. With most Midwest plants able to make a little profit some of the best-positioned producers could be earning as much as 15-20 cents/gal (45-55 cents/bu). Compared to last week, FOB distiller dried grains traded steady to $8.00/ short ton lower. Delivered prices traded mostly steady coming in at $3.00 to $12.00 per short/ton lower with last week’s dip in corn prices pressuring corn by-products.

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