Sorry for the delay, as I was on vacation elk hunting in CO. Here is last weeks ethanol update and this weeks numbers will not be available until Thursday because of the holiday today.
EIA Weekly Data: For the latest week of 28-Aug-15, ethanol production was 14.533 billion gallons annualized, down from the previous week--and with a weekly residual error of -316 mil gals. Refiner Input was 14.119 bil gals annualized, up 276 mil gals from last week, and the calculated inclusion rate for the 141.389 bil gals of MoGas receiving ethanol was 9.99%. About 97.72% of all MoGas (with 144.685 bil gals annualized) did indeed receive ethanol. Ethanol stocks were up 16 mil gals.
Page 2 has 2015 YTD weekly average annualized refiner and blender net inputs of fuel ethanol at 13.404 bil gals, adding to total net production of reformulated and conventional motor gasoline receiving ethanol of 134.474 bil gals. Page 3 has OPIS's 2015 Friday RIN prices all falling again and the D5/D6 RIN price spread making a sharp decline to 13 cents. This spread is continuing to decline and returning back to normal levels, as it appears the market is expecting increased conventional biofuel demand in EPA's Final Rule scheduled to be released in Nov. Page 4 has JSA's Nebraska Group 3 weekly ethanol margins fallings a cent to 36.3 cents last week, keeping the last four weeks of margins in the 36 to 38 cent range.
Ryan Ruikka Energy Analyst
The ProExporter Network
114 S. Main St. Suite 100
Chelsea, MI 48118
Off: 734-475-0454
Fax:734-475-0452
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