| w1891 - 7/22/2024 10:16
No we aren’t going to grind an extra 50mb in 6 weeks as ethanol goes into it maintenance season.
Where is your calculation for the 2 billion off farm stocks? The usage calculation doesn’t have a 3 billion starting point, it’s 5 billion. So no we aren’t going to be sucking fumes in the LH of Sept. There will be a lot of harvest going on in Sept.
Love your calculations based off of a single week of ethanol grind.
Heres the weekly grind.. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPOOXE_YOP_NUS_MBBLD&f=W
The thing about the record ethanol grind in 2018 is that we had the bushels to run through the finish line.. as you say we have now.
Keep in mind that not only did we nearly set a record for the grind.. at 1,106 vs 1,108.. we ALSO had a draw on ethanol stocks.. (probably due to exports.. loaded a ship or two at the gulf.. next week?)
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPOOXE_SAE_NUS_MBBL&f=W
When the monthly average is 1.035 but the last quarter comes in hot.. think I guessed 1,080 ish.. you can move the needle in a hurry.
Show me YOUR numbers.. |
The Funds are Short over 3 billion bushels! A record! Vs RECORD ETHANOL Grind.
