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AMIS Market Monitor

last release: May 2017

Ethanol Update

  • Ethanol margins increased in April and became positive.
  • Ethanol spot and nearby futures prices increased in April, as RBOB gasoline prices increased. Ethanol futures prices averaged 5 cents lower than gasoline.
  • Domestic maize prices increased during the month, leaving the average maize price 2 cents higher in April. However, production costs per gallon were unchanged. Increased ethanol and DDGs receipts led margins higher.
  • Prices of DDGs were up 1 cent and remained at a significant discount to maize price.
  • Ethanol production decreased in April, falling to an annual pace of 15.3 billion gallons.