Might as well swat this down now..
"Well we'll just grind more sorghum and LESS corn.."
So far we're running about 5% on the ethanol grind this year vs Last year..
( http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPOOXE_YOP_NUS_MBBLD&f=W ) | 2014-Aug | 08/01 | 902 | 08/08 | 931 | 08/15 | 937 | 08/22 | 913 | 08/29 | 921 | | 2014-Sep | 09/05 | 927 | 09/12 | 931 | 09/19 | 889 | 09/26 | 881 | | | | 2014-Oct | 10/03 | 901 | 10/10 | 885 | 10/17 | 896 | 10/24 | 937 | 10/31 | 929 |
| 2015-Aug | 08/07 | 965 | 08/14 | 965 | 08/21 | 952 | 08/28 | 948 | | | | 2015-Sep | 09/04 | 958 | 09/11 | 961 | 09/18 | 938 | 09/25 | 943 | | | | 2015-Oct | 10/02 | 950 | 10/09 | 949 | 10/16 | 951 | 10/23 | 944 | 10/30 | 969 |
The HIGHEST Grind LAST Year Q1 was 937.. the LOWEST This year is 938.. with Last week's 969.. ramping up!!
Last year the WASDE had the corn grind at 5,207 myn bushels.. 5% more is gonna be 260 myn bushels MORE.. or about HALF of the 2015 US Sorghum Crop!!
Last year we ground 15 myn for sorghum.. if we do 121.5 this year.. that's 106.5 myn more - 260 = 154 MORE that HAS to COME FROM CORN..minus the cellulosic if any are running..?? take 14 myn off kicks and giggles.. 140 MORE from Corn..
Meanwhile Funds continue to lift longs.. and or.. increase shorts... "Bring it on !!"
which will provide the fuel to pop when they cover..
Edited by JonSCKs 11/7/2015 08:37
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Ending stocks are falling.. as typical.
