ETHANOL PRODUCTION REPORT

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ETHANOL PRODUCTION REPORT
ETHANOL PRODUCTION REPORT
January 19, 2017
Date
Total
Production
In Million Barrels
Total
Weekly
Prod.
Stocks
Change
Stocks
Change
Im plied
Dem and*
Im plied Corn Usage For CY (MMBu)
Needed /
Corn Used Per Week for
Cum ulative
Week
USDA Est
for Crop Year
9/30/16
6.860
-0.0630
20.177
-0.401
7.261
101.846
101.566
10/7/16
6.734
-0.1260
19.393
-0.784
7.518
99.188
101.617
538.522
10/14/16
6.986
0.2520
19.042
-0.351
7.337
104.790
101.548
643.312
10/21/16
6.937
-0.0490
19.919
0.877
6.060
104.055
101.492
747.367
10/28/16
7.154
0.2170
19.739
-0.18
7.334
107.310
101.359
854.677
11/4/16
7.014
-0.1400
19.229
-0.51
7.524
105.210
101.269
959.887
11/11/16
7.119
0.1050
18.609
-0.62
7.739
106.785
101.138
1066.672
11/18/16
7.098
-0.0210
18.952
0.343
6.755
106.470
101.007
1173.142
11/25/16
7.084
-0.0140
18.448
-0.504
7.588
106.260
100.875
1279.402
12/2/16
7.161
0.0770
18.530
0.082
7.079
107.415
100.707
1386.817
12/9/16
7.280
0.1190
19.076
0.546
6.734
109.200
100.483
1496.017
12/16/16
7.252
-0.0280
19.060
-0.016
7.268
108.780
100.257
1604.797
12/23/16
7.196
-0.0560
18.683
-0.377
7.573
107.940
100.043
1712.737
12/30/16
7.301
0.1050
18.678
-0.005
7.306
109.515
99.553
1829.850
1/6/17
7.343
0.0420
20.009
1.331
6.012
110.145
99.241
1939.995
1/13/17
7.378
0.0350
21.115
1.106
6.272
110.670
98.893
2050.665
439.335
*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
7.5
24
7.3
23
7.1
22
6.9
21
6.7
20
6.5
6.3
19
18
6.1
17
5.9
16
15
5.7
Jun-16
14
Dec-13
Dec-16
The Hightower Report
Ethanol Profit Margin - Iowa Prices
1.00
Jun-15
Dec-15
Jun-16
Dec-16
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 01/13/2017
Actual
Needed
Sep
Jul
Aug
Jun
Apr
Sep
70
May
$/Bushel
Dec-14
US Weekly Corn Use For Ethanol Production
Actual vs. Avg. Projected Corn Needed to Meet
USDA Projected Use
1.20
Most Recent: -$0.318 as of 01/13/2017
Jun-14
Most Recent: 21.115 as of 01/13/2017
Feb
Dec-15
Mar
Most Recent: 7.378 as of 01/13/2017
Jun-15
Jan
Dec-14
Dec
Jun-14
Nov
5.5
Dec-13
Oct
Million Barrels
Ethanol production for the
week ending January 13
averaged 1.054 million barrels
per day. This is up 0.48% vs.
last week and up 7.22% vs. last
year. Total Ethanol production
for the week was 7.378 million
barrels. Stocks as of January 13
were 21.115 million barrels.
This is up 5.53% vs. last week
and down 3.76% vs. last year.
Corn used in last week's
production is estimated at
110.67 million bushels. This
crop year's cumulative corn
used for ethanol production
for this crop year is 2.05 billion
bushels. Corn use needs to
average 98.893 million bushels
per week to meet this crop
year's USDA estimate of 5.3
billion bushels.
Recent History
Million Barrels
Summary
The Hightower Report
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