Ethanol Stocks Report

ETHANOL PRODUCTION REPORT
April 19, 2017
Date
Total
Production
In Million Barrels
Weekly
Total
Stocks
Prod.
Change
Change
Stocks
Im plied
Dem and*
Im plied Corn Usage For CY (MMBu)
Needed /
Cum ulative
Corn Used Per Week for
USDA Est
for Crop Year
Week
12/30/16
7.301
0.1050
18.678
-0.005
7.306
109.515
103.857
1/6/17
7.343
0.0420
20.009
1.331
6.012
110.145
103.671
1939.995
1/13/17
7.378
0.0350
21.115
1.106
6.272
110.670
103.458
2050.665
1/20/17
7.357
-0.0210
21.728
0.613
6.744
110.355
103.242
2161.020
1/27/17
7.427
0.0700
21.870
0.142
7.285
111.405
102.977
2272.425
2/3/17
7.385
-0.0420
22.085
0.215
7.170
110.775
102.716
2383.200
2/10/17
7.280
-0.1050
22.500
0.415
6.865
109.200
102.491
2492.400
2/17/17
7.238
-0.0420
22.669
0.169
7.069
108.570
102.273
2600.970
2/24/17
7.238
0.0000
23.091
0.422
6.816
108.570
102.038
2709.540
3/3/17
7.154
-0.0840
22.856
-0.235
7.389
107.310
101.835
2816.850
3/10/17
7.315
0.1610
22.766
-0.09
7.405
109.725
101.517
2926.575
3/17/17
7.308
-0.0070
22.595
-0.171
7.479
109.620
101.177
3036.195
3/24/17
7.378
0.0700
23.257
0.662
6.716
110.670
100.762
3146.865
3/31/17
7.133
-0.2450
23.705
0.448
6.685
106.995
100.477
3253.860
4/7/17
6.902
-0.2310
22.903
-0.802
7.704
103.530
100.331
3357.390
4/14/17
6.951
0.0490
23.034
0.131
6.820
104.265
100.132
1829.850
3461.655
*Implied Demand = Production + Imports - Change in Stocks
Note On Implied Corn Usage: These calculations have now taken into account ethanol prodcution from
sorghum from the Grain Crushing Report
US Weekly Ethanol Stocks
US Weekly Ethanol Total Production
7.7
25
7.5
24
7.3
23
7.1
22
6.9
21
6.7
6.5
6.3
20
19
18
6.1
17
5.9
16
15
5.7
Sep-16
14
Mar-14
Mar-17
The Hightower Report
Ethanol Profit Margin - Iowa Prices
1.00
Sep-15
Mar-16
Sep-16
Mar-17
The Hightower Report
115
0.80
110
0.60
105
0.40
Million Bushels
0.20
0.00
-0.20
-0.40
100
95
90
85
80
-0.60
75
-0.80
The Hightower Report
Conversion Rate Used: 2.8
Data As Of 04/14/2017
Actual
Needed
Sep
Jul
Aug
Jun
Apr
Sep
70
May
$/Bushel
Mar-15
US Weekly Corn Use For Ethanol Production
Actual vs. Avg. Projected Corn Needed to Meet
USDA Projected Use
1.20
Most Recent: $0.115 as of 04/14/2017
Sep-14
Most Recent: 23.034 as of 04/14/2017
Feb
Mar-16
Mar
Most Recent: 6.951 as of 04/14/2017
Sep-15
Jan
Mar-15
Dec
Sep-14
Nov
5.5
Mar-14
Oct
Million Barrels
Ethanol production for the
week ending April 14 averaged
993 thousand barrels per day.
This is up 0.71% vs. last week
and up 5.75% vs. last year.
Total Ethanol production for
the week was 6.951 million
barrels. Stocks as of April 14
were 23.034 million barrels.
This is up 0.57% vs. last week
and up 4.48% vs. last year.
Corn used in last week's
production is estimated at
104.27 million bushels. This
crop year's cumulative corn
used for ethanol production
for this crop year is 3.46 billion
bushels. Corn use needs to
average
100.132
million
bushels per week to meet this
crop year's USDA estimate of
5.45 billion bushels.
Recent History
Million Barrels
Summary
The Hightower Report
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