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March 15th, 2017
It was surprising to see ethanol production rebound so well in this week. It went from 1.022 million barrels per day to 1.045. This is 4.6% over last year. The year to date pace is 5.0% over.
USDA’s whole-year goal in corn for ethanol was raised last week to 5.400 billion bushels. That would be 3.4% over last year. Officially, we are still running above USDA’s goal. We expect another increase next month (to be offset by another decline in feed/residual.
Margins are currently negative.Ethanol Production, Nelson's Notes | Comments Off on Weekly Ethanol Production 3-15-2017