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Green Plains Inc. Message Board

  • elahens elahens Apr 17, 2013 11:30 AM Flag

    EIA ethanol April 17th : summary: Firm control

    o Spring and Summer ahead; industry is behaving well
    o Inventory down 300,000 gallons to 17.2 millions reversing a +300,000 gallons last week. Steady as she goes!!!

    o Ethanol production down 24K barrels per day ( 24,000 X 42 = 1M-rounded gallons per day)!!! This is still meeting refiner needs
    o But refiners had to pull a bit from Inventory since they did 853K bpd, a PLUS 6K per day ( 6K * 42 = 224,000 galons per day).

    o NO IMPORT. Brazil has its hand full (rain delays harvest) and needs to fill up its own tank. Prices slitgthly up.

    So production lower than demand. Demand went up!
    Price will stay tight with corn steadier ( they are not making more of the stuff until Sept).
    DDG will head back up with lower production.

    Steady as she goes!

    o By the way, 200K of the 300K inventory drop came out of the West PAD.
    o Most of the prodcution drop came out of the Midewest complex.
    Both good control.

    ( please post on PEIX board as the readers there should also be in terested in this good posture)

 
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