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Big Year for Ethanol10-21-14 | News
Big Year for Ethanol





Exports of U.S. ethanol during the 2013-2014 marketing year are estimated at 788 million gallons, 227 million gallons more than were exported last year,
but nearly 300 million gallons less than exports during the 2011-2012
marketing year.
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Ethanol production, consumption and stocks data are typically reviewed on a calendar-year basis because Renewable Fuel Standards are established for calendar years, according to Agri-View.

But according to a University of Illinois agricultural economist, corn is the major feedstock for domestic ethanol production, ethanol data on a corn marketing year basis (September to August). Therefore are important for monitoring and anticipating marketing-year corn consumption.

Darrel Good reported that for the 2013-2014 corn marketing year, monthly estimates of domestic ethanol production and stocks are available from the U.S. Energy Information Administration through July 2014.

Weekly estimates are available for August. Census Bureau estimates of ethanol imports and exports are available for the entire marketing year. Based on these estimates, domestic ethanol production for the year totaled a record 14.15 billion gallons, 1.3 billion gallons more than was produced during the 2012-2013 marketing year and 354 million gallons more than the previous record production during the 2011-2012 marketing year.

"Ethanol imports during the 2013-2014 marketing year are estimated at 275 million gallons, 509 million gallons less than were imported during the previous year when domestic ethanol production was limited by a short supply and the high price of corn," Good said. "The vast majority of imports are from Brazil.

Exports were exceptionally large in 2011-2012 resulting from a sharp decline in Brazilian ethanol production due to a small supply and high price of sugar. Ethanol is exported to a large number of countries, with Canada being the largest customer by a wide margin. The exception was the unusually large exports to Brazil in 2011-2012."








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