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Ethanol At A Glance


30

Ethanol at a Glance - March 30th Edition

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For the week ending on March 18, 2016 corn used in last week's production is estimated at 104.16 million bushels. This crop year's cumulative corn used for ethanol production for this crop year is 3.06 billion bushels. Corn use needs to average just 93.7 million bushels per week to meet this crop year's USDA estimate of 5.225billion bushels. See below.

 

Gasoline demand continues to remain strong, coming in at 9.43% higher than this time last year.

 

Inventories are up 503,000 barrels on the week.

 

A 7 cent boost in nearby ethanol futures lifted producer margins favorably to levels not seen since December. Prices for FOB distiller grains traded between $2.00 to $5.00 per metric ton lower than the week prior while the margin between the price of corn and the value of ethanol and coproducts was up this past week in all four market basket states:

 

  • Illinois differential is $1.33 per bushel, in comparison to $1.30 the prior week and $2.05 a year ago.
  • Iowa differential is $1.27 per bushel, in comparison to $1.22 the prior week and $1.83 a year ago.
  • Nebraska differential is $1.48 per bushel, in comparison to $1.38 the prior week and $1.68 a year ago.
  • South Dakota differential is $1.48 per bushel, in comparison to $1.44 the prior week and $1.79 a year ago.

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Quotes are delayed at least 10-minutes. Market Data provided by Barchart.com
These data and comments are provided for information purposes only and are not intended to be used for specific trading strategies. This commentary is written as a daily marketing tool to help farmers sell the grain they raise. Although all information is believed to be reliable, we cannot guarantee its accuracy or completeness. Past performance and testimonials are not necessarily indicative of future results. Commodity trading involves the risk of loss, and you should fully understand those risks before trading. This material should be construed as market commentary, merely observing economic, political and/or market conditions, and not intended to refer to any particular trading strategy, promotional element or quality of service provided by Roach Ag. Marketing, Ltd. Roach Ag. Marketing Ltd. is not responsible for any redistribution of this material by third parties, or any trading decisions taken by persons not intended to view this material. These materials do not necessarily reflect the viewpoints and trading strategies employed by Roach Ag Marketing, Ltd. All forecasts of market conditions are inherently subjective and speculative, and actual results and subsequent forecasts may vary significantly from these forecasts.