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Ethanol update
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JonSCKs
Posted 12/12/2015 14:29 (#4955022 - in reply to #4951237)
Subject: shell game.


Year to Year changes in the WASDE was a sharp reduction in Domestic Grind in Sorghum last year.. YOY 55 myn bushel cut.  As Sorghum exports took off increasing 142 myn bushels.  In the November WASDE they cut the Corn Ethanol grind by 75 myn bushels.. while upping Sorghum 85 myn in the Food, Seed and Industrial category ( http://usda.mannlib.cornell.edu/usda/waob/wasde//2010s/2015/wasde-11-10-2015.pdf )

Total ethanol grind in the weekly ethanol table above is up 3.5% YOY... about 50 myn bushels more..for the crop year to date...(200 YOY pace)  Yet the WASDE only increased the corn grind 25 myn bushels.. for the year??  Given that part of the Sorghum increase in November F,S&I would have most likely been something else.. is the ethanol component only ??.. 50..55..60..???  We're just restoring the grind back to Last year's pace in Sorghum.

Brugler on DTN tracks this..  ( http://www.dtnprogressivefarmer.com/dtnag/common/link.do?symbolicNa... )

calling for about another 177 myn bushels to be added to the ethanol grind for corn given the revisions to the RFS that EPA gave us..  ??  spread out over two crop marketing years. 

Which I agree with.

There ya go man. 



Edited by JonSCKs 12/12/2015 14:40
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