AgTalk Home
AgTalk Home
Search Forums | Classifieds (90) | Skins | Language
You are logged in as a guest. ( logon | register )

The Funds are Short over 3 billion bushels! A record! Vs RECORD ETHANOL Grind.
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
 
JonSCKs
Posted 7/22/2024 12:34 (#10821639 - in reply to #10821560)
Subject: To hit WASDE we need 1,032 we did 1,106 last week.


Math.

from the EIA site..  https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPOOXE_YIR_NUS_MBBLD&f=W

We’ve averaged 1,034 bbls per day for the 46 weeks reported.

1,034 x 42 = 43,428 gallons per day / 2.9 = 14,975 k bu / day x 7 x 46 = 4.822 billion bushels ground.. more or less to date.

WASDE  https://www.usda.gov/oce/commodity/wasde/wasde0724.pdf

so 5,450 forecast - 4,822 done = 628 to go / 6 weeks = 104.67 million bu / week or..  1,032 k bbls per day.

We did 1,106 /day last week.

So yes.. we will quite probably exceed the WASDE forecast. 

edit to add.. ethanol stocks are lower than a year ago.. were in the summer driving season.. we’ve added plants (again Colwich just fired up out here..) and they are making $$$$

we have the capacity to do 1,178 bbls per day.

Why would they NOT grind flat out (unless they couldn’t source the corn) with margins this good? 



Edited by JonSCKs 7/22/2024 12:41




(IMG_2405 (full).png)



(IMG_2404 (full).png)



Attachments
----------------
Attachments IMG_2405 (full).png (190KB - 61 downloads)
Attachments IMG_2404 (full).png (150KB - 64 downloads)
Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)