If my math is correct we need to average 924 K barrels the rest of the year in order to reach the 5 billion bu. of corn demand that is expected. We are half way though the year and we have averaged 904 k up to this point. If we assume a 2.8 conversion rate we need to average 914K for the year. In order to average 914 the second half the year needs to average 924 so we need to be able to ship the finished product out of the plants to keep up this pace. I also don't think that the ethanol numbers given to us on a weekly report are very accurate. I think they come real close if you average out the year but I don't put a lot of faith into one weeks numbers. It is still good to see those high numbers and hopefully we will meet or exceed the USDA estimate but I think it might come down to whether we can ship the product fast enough to keep the plants producing. |