Approximated once a week ethanol manufacturing margin sinks 26%.Posted by Lambert MacGregor on January 26th, 2021 The estimated regular manufacturing margin for a common US Midwestern dry-mill ethanol plant was 29.97 cents/gal Friday, 10.53 cents, or 26%, listed below the previous week, mostly on stronger feedstock corn as well as variable prices. The approximated once a week ethanol production margin was computed utilizing information from Platts as well as federal government firms, consisting of ordinary delivered corn price, dried distiller grain rates, natural gas costs, certain mixing prices as well as ethanol prices. Approximated fixed prices are based upon a 50 million gal/year Midwestern plant with 32 employees, each paid an average annual income of ,300. atmp chemical estimated provided feedstock corn price and dried distillers grain byproduct debt reversed course today after falling for five straight weeks. The ordinary approximated provided feedstock corn expense rose 37.89 cents, or 5.3%, to a three-week high of .5161/ bushel, while the ordinary estimated dried distillers grain result credit rating bordered up .32 to 4.29/ st. The feedstock corn expense, according to resources, was mainly supported this week by the United States Department of Agriculture's September 28 Quarterly Grain Supplies report that showed old crop corn stocks at 988 million bushels, down 12% from the same period of 2011. Variable expenses were also higher this week. The approximated denaturant expense increased 4.75 cents from a week ago to .9775/ gal FOB pipe. The estimated gas cost leapt 36 cents/MMBtu to .16/ MMBtu. The approximated gas price had actually not been this high since January, when it went to .30/ MMBtu. The denaturant expense was based upon Friday's Platts analysis of Conway all-natural fuel, which is the Kansas center, while the natural gas price was based on the October Platts Chicago ANR 7 pipe regular monthly index. The estimated ethanol rate utilized in determining the margin was the Platts Chicago Argo ethanol analysis Friday of .40/ girl, up 4.05 cents, or 1.7%, from the previous week on supply tighthness. US regular ethanol production in the reporting week that ended September 28 plunged 24,000 b/d to 785,000 b/d-- the most affordable level recorded by the Energy Info Management-- while once a week ethanol supplies reduced 451,000 barrels to 18.808 million barrels, the most affordable since the week finishing August 31, the EIA stated in its most current weekly record Wednesday.Like it? Share it! More by this author |