| We got the weekly ethanol production numbers yesterday.. ( http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=w_epooxe_yop_nus_mbbld&f=w )
Thus far since Sept 1st we are averaging 950 k bbls per day.. vs an average of 901.4 for the same period a year ago.. up a little over 5%
Last year the WASDE has us at 5,207 myn bushels.. a 5% gain would up that to 5,467 vs the 5,250 number currently in the forecast ( http://www.usda.gov/oce/commodity/wasde/latest.pdf )
It's early.. but so far we're on pace to eclipse last year's grind by 217 myn bushels..
So "poof" goes this extra sorghum under that scenerio...
fwiw. |