From: Terry Reilly
Sent: Wednesday, March 25, 2020 2:07:08 PM (UTC-06:00) Central Time (US & Canada)
Subject: FI US Ethanol Snapshot 03/25/20
US ethanol. US production of ethanol declined 30,000 barrels form the previous week to 1.005 million, and stocks fell 458,000 barrels. The decline in production was much less than trade expectations. Bloomberg estimate was expecting a 56,000-barrel declined and stocks to decrease 59,000 barrels.
· (Bloomberg) — The Trump admin. did not appeal a federal court ruling that limits its power to exempt oil refineries from biofuel-blending requirements, a decision that could mean only a handful of the facilities are eligible for those valuable waivers in the future.
· CBOT ethanol margins were increased https://www.cmegroup.com/content/dam/cmegroup/notices/clearing/2020/03/Chadv20-128.pdf
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ICE IM: treilly1
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