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Re: martinm post# 27648

Wednesday, 11/19/2014 10:58:24 AM

Wednesday, November 19, 2014 10:58:24 AM

Post# of 30377
The Madera plant is in California
Total demand for ethanol across the US is outstripping production

Total US production increased

Nov 7th 946k barrels
Nov 14th 970k barrels

While inventory shrank

Nov 7th 17,705k barrels
Nov 14th 17,335k barrels

Total US production up 24k barrels while total US inventory decreased 370k barrels. In other words, demand outstripped production by 394k barrels for the week ending Nov 14th.

I haven't looked at the export numbers, but that's got to come into play :D




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