EIA Weekly Data: For the latest week ending 15-Jul-16, ethanol production was 15.818 billion gallons annualized, up 384 mil gals from the previous week--and with a weekly residual error of 540 mil gals. Refiner input was 14.357 bil gals annualized, up 231 mil gals from last week, and the calculated inclusion rate for the 142.56 bil gals of mogas receiving ethanol was 10.07%. About 94.78% of all mogas (with 150.415 bil gals annualized) did indeed receive ethanol. Ethanol stocks were up 1 mil gals on the week to end at 889 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 14.085 bil gals vs EIA's July STEO forecast of 14.222 bil gals. Yet, EIA's 2016 YTD annualized average of weekly estimates of domestic refiner and blender net input of fuel ethanol is only 13.697 bil gals, leaving a residual disappearance of 388 mil gals.

 

Page 3 has OPIS's last Friday 2016 RIN prices all falling over the past week, except D3 & D7 RINs were unchanged. As of yesterday, 2016 D3 & D7 RIN prices are trading around $1.84, D4's are trading around $1.02, D5's around 98 cents, and D6's around 95 cents.

 

Page 4 has JSA's Nebraska Group 3 ethanol margins falling 3.7 cents last week to 56.7 cents.