EIA Weekly Data: For the latest week of 11-Mar-16, ethanol production was 15.357 billion gallons annualized, up 323 mil gals from the previous week--and with a weekly residual error of 853 mil gals. Refiner input was 13.65 bil gals annualized, up from last week, and the calculated inclusion rate for the 136.949 bil gals of mogas receiving ethanol was 9.97%. About 94.2% of all mogas (with 145.388 bil gals annualized) did indeed receive ethanol. Ethanol stocks were down 19 mil gals to 962 mil gals.

 

Page 2 uses EIA's weekly estimates to calculate 2016 year-to-date annualized average of ethanol domestic disappearance at 14.245 bil gals, which can be compared to EIA's March STEO forecast of ethanol blended into motor gasoline at 14.258 bil gals. However, EIA's 2016 YTD annualized average of weekly estimates of domestic refiner and blender net input of fuel ethanol is only 13.13 bil gals, leaving a residual dissappearance of 1.114 bil gals.

 

Page 3 has OPIS's last Friday 2016 RIN prices showing little change over the past week. However, as of yesterday, 2016 D3 & D7 RIN prices fell over 4 cents and are trading around $1.80. 2016 D4's are trading around 77 cents, D5's around 75 cents, and D6's around 72 cents.

 

Page 4 has JSA's Nebraska Group 3 ethanol margins up only .5 cents last week to 31.5 cents.