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Ethanol Update: Production Up, Refiner Input Down, Stocks Up 
 
Produced by Ryan Ruikka

EIA Weekly Data: For the latest week of 30-Oct-15, ethanol production was 14.855 billion gallons annualized, up 383 mil gals from the previous week-and with a weekly residual error of 905 mil gals. Refiner input was 13.552 bil gals annualized, down 475 mil gals from last week, and the calculated inclusion rate for the 135.916 bil gals of mogas receiving ethanol was 9.97%. About 96.54% of all mogas (with 140.791 bil gals annualized) did indeed receive ethanol. Ethanol stocks were up 21 mil gals to 789 mil gals. 
 
Page 2 has average annualized EIA weekly data for 2015 YTD of ethanol supply (stocks + imports + production) at 15.555 bil gals, this is up over 580 mil gals from last year.
 
Page 3 has OPIS's 2015 Friday RIN prices all falling from last Friday's prices. There appears to be some volatility in the RIN market the past few weeks as the market is trying to predict what EPA will do in its Final Rule scheduled to be released by Nov 30th.
 
Page 4 has JSA's Nebraska Group 3 ethanol margins up 4.3 cents last week to 40.3 cents. It also has revised PRX estimates for Conventional biofuel demand that is likely to be released in EPA's Final Rule: 13.6 bil gals for 2014, 14.21 bil gals for 2015, & 14.81 bil gals for 2016.
 
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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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The analysis above is not intended as a trade recommendation. The analysis and forecasts are based on available public data and on the best judgment of PRX, but cannot be guaranteed to conform to future reality.