EIA Weekly Data: For the latest week ending 22-Jul-16, ethanol production was 15.341 billion gallons annualized, down 477 mil gals from the previous week--and with a weekly residual error of 66 mil gals. Refiner input was 14.388 bil gals annualized, up 31 mil gals from last week, and the calculated inclusion rate for the 142.637 bil gals of mogas receiving ethanol was 10.09%. About 94.71% of all mogas (with 150.599 bil gals annualized) did indeed receive ethanol. Ethanol stocks were down 32 mil gals on the week to end at 856 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 14.128 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 13.72 bil gals, leaving a residual disappearance of 408 mil gals.

 

Page 3 has OPIS's last Friday 2016 RIN prices all up slightly over the past week. As of yesterday prices continue to rise and 2016 D3 & D7 RIN prices are trading around $1.86, D4's around $1.05, D5's around $1.01, and D6's around 97 cents.

 

Page 4 has JSA's Nebraska Group 3 ethanol margins falling 7.7 cents last week to 49 cents.