EIA Weekly Data: For the latest week ending 6-May-16, ethanol production was 14.788 billion gallons annualized, up 600 mil gals from the previous week--and with a weekly residual error of 180 mil gals. Refiner input was 13.681 bil gals annualized, down 307 mil gals from last week, and the calculated inclusion rate for the 137.426 bil gals of mogas receiving ethanol was 9.96%. About 92.57% of all mogas (with 148.463 bil gals annualized) did indeed receive ethanol. Ethanol stocks were down 40 mil gals on the week to end at 893 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 13.959 bil gals vs EIA's May STEO forecast of 14.266 bil gals. Yet, EIA's 2016 YTD annualized average of weekly estimates of domestic refiner and blender net input of fuel ethanol is only 13.405 bil gals, leaving a residual disappearance of 554 mil gals.

 

Page 3 has OPIS's last Friday 2016 RIN prices all up a cent or two over the past week, except D3 & D7 RINs which were unchanged. As of yesterday, 2016 D3 & D7 RIN prices are trading around $1.75. 2016 D4's are trading around 80 cents, D5's around 76 cents, and D6's around 75 cents.

 

Page 4 has JSA's Nebraska Group 3 ethanol gross margin falling .8 cents over last week to 42.4 cents.