Regístrese hoy mismo

y en menos de un minuto podrá acceder a:Titulares de última horaAnálisis y reportajesVídeos, podcasts y blogs sobre materias primasMuestras de precios e información de mercadoInformes especialesAvisos a los suscriptores y alertas diarias por correo electrónico

¿Ya tiene una cuenta?

Inicie sesión para registrarse

¿Olvidó su contraseña?

Nota: Los suscriptores de Platts Market Center solo pueden restablecer contraseñas desde la plataforma Platts Market Center

Indíquenos la dirección de correo electrónico con la que está registrado y le enviaremos un correo electrónico con su contraseña.


  • Correo electrónico Address* Escriba una dirección de correo electrónico.

Si es usted suscriptor/a premium; no podremos enviarle su contraseña por razones de seguridad. Póngase en contacto con nuestro departamento de atención al cliente.

Si es usted suscriptor/a de Platts Market Center, deberá restablecer su contraseña desde el portal de Platts Market Center.

En esta lista
Petróleo

US ethanol crush margin recovers from negative territory on Argo rally

Gas natural | Petróleo

Platts Scenario Planning Service

Petróleo

Irán afirma haber vendido gasolina a Venezuela a los precios actuales

Petróleo

Irán afirma haber vendido gasolina a Venezuela a los precios actuales

US ethanol crush margin recovers from negative territory on Argo rally

Houston — The US ethanol crush margin remained positive Thursday as it recovered from the first dip into negatives since early 2016.

¿No está registrado?

Reciba alertas diarias y avisos para suscriptores por correo electrónico; personalice su experiencia.

Registro

It rose to 2.30 cents/gal Thursday from 1.72 cents/gal on Wednesday. The margin fell as low as minus 0.23 cent/gal on Monday.

The recovery was largely due to a bullish number in the US Energy Information Administration's weekly ethanol production and stock data.

Though the total production and stock numbers in the weekly EIA data were only modestly lower, a draw in Midwest inventories bolstered prices.



The Midwest hosts most of the ethanol plants in the US and Kinder Morgan's Argo, Illinois, terminal, the busiest hub of ethanol trade in the US.

Stock levels in the region and in the terminal have been high for several weeks with two consecutive weeks of increases before a 282,000 barrel fall in the week ended December 15.

Inventories in the region did remain 1.546 million barrels higher than the same week last year, but the reduction in inventories provided some breathing room for prices.

Those high stocks in Argo were the initial catalyst for sending the crush margin plunging.

The S&P Global Platts Argo assessment fell to a 12-year low of $1.2370/gal on December 15 from $1.3350/gal on December 8.

A simple crush margin can be calculated by dividing the cost of corn per bushel by 2.8, the number of gallons of ethanol that a bushel of corn can produce. The resulting number is the cost of corn per gallon of ethanol.

--Josh Pedrick, joshua.pedrick@spglobal.com
--Edited by Derek Sands, derek.sands@spglobal.com