EIA Weekly Data: For the latest week ending 22-Apr-16, ethanol production was 14.25 billion gallons annualized, down 184 mil gals from the previous week--and with a weekly residual error of -661 mil gals. Refiner input was 14.111 bil gals annualized, up 384 mil gals from last week, and the calculated inclusion rate for the 141.361 bil gals of mogas receiving ethanol was 9.98%. About 98.72% of all mogas (with 143.19 bil gals annualized) did indeed receive ethanol. Ethanol stocks were down 18 mil gals on the week to 908 mil gals.

 

Page 2 has PRX's calculation using EIA's weekly estimates and DOC import/export data for the 2016 year-to-date annualized average of ethanol domestic disappearance at 14.119 bil gals vs EIA's STEO forecast of 14.311 bil gals. Yet, EIA's 2016 YTD annualized average of weekly estimates of domestic refiner and blender net input of fuel ethanol is only 13.355 bil gals, leaving a residual disappearance of 764 mil gals.

 

Page 3 has OPIS's last Friday 2016 RIN prices all rising a few cents over the past week, except D3 & D7 RINs which fell 7 cents. As of yesterday, 2016 D3 & D7 RIN prices are trading around $1.76. 2016 D4's are trading around 83 cents, D5's around 79 cents, and D6's around 74 cents.