EIA Weekly Data: For the latest week of 1-Apr-16, ethanol production was 15.003 billion gallons annualized, down 246 mil gals from the previous week--and with a weekly residual error of 171 bil gals. Refiner input was 13.804 bil gals annualized, up 123 mil gals from last week, and the calculated inclusion rate for the 136.273 bil gals of mogas receiving ethanol was 10.13%. About 96.11% of all mogas (with 141.791 bil gals annualized) did indeed receive ethanol. Ethanol stocks were down 34 mil gals to 934 mil gals.

 

Page 2 uses EIA's weekly estimates to calculate 2016 year-to-date annualized average of ethanol domestic disappearance at 14.113 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 13.232 bil gals, leaving a residual dissappearance of 881 mil gals.

 

Page 3 has OPIS's last Friday 2016 D4 & D5 RIN prices rising over the past week. As of yesterday, 2016 D3 & D7 RIN prices are trading one cent higher around $1.79. 2016 D4's are trading around 81 cents, D5's around 78 cents, and D6's lower around 71 cents.

 

Page 4 has JSA's Nebraska Group 3 ethanol margins jumping 10.2 cents last week to 32.6 cents.