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| Nice job Jon.
Check out Jon's links on E production and imports in the 2012 drought. See how low the E grind was and what happened to imports. This is roughly 500 mb of stocks that did not get put in the gas tanks and ended up as carry over. Then notice how E production has been general climbing since early 2013
Anyone grinding corn to make Ethanol has been making a KILLING this year......... Kinda like we did with $7-8 corn. If a ran an E plant,I would be running that baby as absolutely hard as she will go and then some. E margins are roughly 1/3 of 3 week ago and dropping pretty fast.
USDA's grind number of 5.150 mb was BEFORE this flush in crude oil. Don't be surprised if this grind number is dropped closer to 5 bb by summer as things have and are changing fast with E. E futures are just starting to live in the real world and are still very over priced historically. E futures have been active,kinda thinking some E plants are hedging. IMO E plants will be getting a lump of coal for Christmas. | |
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Weekly Ethanol Report
