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Ethanol Falls to Widest Discount to Gasoline in 2 Months

Bloomberg -- Ethanol’s discount to gasoline widened to the largest gap in two months as inventories of the fuel additive rose to a seasonal high and corn prices slumped on slowing demand.

An Energy Department report last week showed ethanol stockpiles gained 687,000 barrels to 20 million in the seven days ended Dec. 7, the highest for this time of year since at least 2010, when the department began collecting data. As of Dec. 6, corn sales for delivery before Sept. 1 dropped 46 percent to 12.488 million tons from a year earlier, the Agriculture Department reported.

“Ethanol inventories are oversupplied on a seasonal basis and this is putting slight downward pressure on the front of the ethanol curve,” said Mike Breitenbach, an analyst and trader at Blue Ocean Brokerage LLC in New York.

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Submitted Dec 18, 2012 By: skb69sa

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07skydriver Champion Author Ohio Posts:3,379 Points:1,010,280 Joined:Feb 2009	Message Posted: Dec 19, 2012 9:51:11 AM Ignore 07skydriver Report Abuse BAN ETHANOL NOW.
sjf238 Champion Author Philadelphia Posts:1,215 Points:648,705 Joined:Mar 2011	Message Posted: Dec 19, 2012 9:40:01 AM Ignore sjf238 Report Abuse Good.
BuckyTJones Champion Author Salt Lake City Posts:4,932 Points:967,950 Joined:Mar 2010	Message Posted: Dec 18, 2012 10:27:15 PM Ignore BuckyTJones Report Abuse It takes an act of God to put a stop to the ethanol use. Drought. Our so called leaders will not do whats best for the people.
qwerty17 Champion Author New Jersey Posts:3,760 Points:1,144,050 Joined:Oct 2009	Message Posted: Dec 18, 2012 9:40:22 PM Ignore qwerty17 Report Abuse stop food as fuel.
nskmda Champion Author Grand Rapids Posts:1,376 Points:800,305 Joined:May 2007	Message Posted: Dec 18, 2012 3:47:45 PM Ignore nskmda Report Abuse @BudsterMO very good point
must87searcher Champion Author Maryland Posts:9,121 Points:1,808,130 Joined:Apr 2008	Message Posted: Dec 18, 2012 2:14:26 PM Ignore must87searcher Report Abuse There is some question to this information. Is the corn crop was so low this year, why is the ethanol price going down? This may be a chance the sellers could have too the buyers in confidence, wich is not true.
BudsterMO Champion Author Kansas City Posts:3,850 Points:731,630 Joined:Aug 2009	Message Posted: Dec 18, 2012 10:24:23 AM Ignore BudsterMO Report Abuse If the blenders (big oil Companies) would use sugar cane Ethanol which is $.40 cents per gallon less than corn Ethanol we would get a decrease in gasoline prices and food prices would drop also. But of course its not about what is good for the people but how much greed can big Corporations extract from the public without actually killing them.
ss70 Champion Author Detroit Posts:9,944 Points:1,897,200 Joined:Sep 2005	Message Posted: Dec 18, 2012 10:13:55 AM Ignore ss70 Report Abuse ethanol pricing should be investigated. traders are moving it relative to crude and gas ..
DarthDadJr Champion Author Virginia Posts:7,432 Points:1,546,645 Joined:Jul 2008	Message Posted: Dec 18, 2012 10:05:55 AM Ignore DarthDadJr Report Abuse With the drought and lower corn yields, I don't understand why so much ethanol was produced...
md11capt Champion Author Denver Posts:3,558 Points:729,930 Joined:Mar 2011	Message Posted: Dec 18, 2012 9:50:35 AM Ignore md11capt Report Abuse There needs to be a wider price difference between gasoline and E85.
Lologogo Champion Author Twin Cities Posts:1,385 Points:370,440 Joined:Sep 2011	Message Posted: Dec 18, 2012 9:16:48 AM Ignore Lologogo Report Abuse corn prices are slumping at a low demand? since when? Didn't we just have a shortage due to poor weather, and lack of rain. Did they find something else to gorge the beef cows with? Hmmm...
sciotosix Champion Author Dayton Posts:2,889 Points:693,825 Joined:Apr 2011	Message Posted: Dec 18, 2012 9:14:50 AM Ignore sciotosix Report Abuse Not good for fuel!
CostEngineer Veteran Author Sacramento Posts:255 Points:163,505 Joined:Mar 2011	Message Posted: Dec 18, 2012 9:06:07 AM Ignore CostEngineer Report Abuse Nothing beats gasoline for BTU/gal and until the pricing is where people are forced away to gasoline, nothing will change.
QualTekGuy Champion Author Illinois Posts:3,178 Points:760,365 Joined:Feb 2007	Message Posted: Dec 18, 2012 9:02:47 AM Ignore QualTekGuy Report Abuse This is when they try to push E15, in order to try to boost the demand.
ace07 Champion Author Utah Posts:2,457 Points:663,675 Joined:Sep 2007	Message Posted: Dec 18, 2012 9:01:14 AM Ignore ace07 Report Abuse Get rid if Ethanol.
prorodeo2012 All-Star Author Bakersfield Posts:539 Points:188,895 Joined:Sep 2012	Message Posted: Dec 18, 2012 9:00:12 AM Ignore prorodeo2012 Report Abuse Thats good
mazdaboy Champion Author Portland Posts:8,029 Points:2,125,955 Joined:Aug 2003	Message Posted: Dec 18, 2012 8:59:25 AM Ignore mazdaboy Report Abuse Ethanol lowers mileage.
gilfarm Champion Author Alabama Posts:6,936 Points:1,976,540 Joined:Sep 2005	Message Posted: Dec 18, 2012 8:58:28 AM Ignore gilfarm Report Abuse Hope we do not move to E15!
rwrMO Champion Author Missouri Posts:2,546 Points:581,170 Joined:Jun 2011	Message Posted: Dec 18, 2012 8:57:04 AM Ignore rwrMO Report Abuse we have no need for corn in gas!!
Rednix Champion Author Miami Posts:6,298 Points:1,303,435 Joined:Jul 2009	Message Posted: Dec 18, 2012 8:56:20 AM Ignore Rednix Report Abuse Ethanol seems to be fuel that people just don' want. Maybe we should build machines that can run more efficiently on ethanol or quit making the stuff.
WTLITNG Champion Author Virginia Posts:1,977 Points:1,042,365 Joined:Dec 2008	Message Posted: Dec 18, 2012 8:55:00 AM Ignore WTLITNG Report Abuse The ethanol is bad for engines, and should be eliminated from gasoline.
INBwana Champion Author Indiana Posts:5,714 Points:723,685 Joined:Apr 2011	Message Posted: Dec 18, 2012 8:54:56 AM Ignore INBwana Report Abuse Do away with ethanol completely!
RamboOn66 Champion Author Tampa Posts:5,451 Points:1,912,505 Joined:Jan 2006	Message Posted: Dec 18, 2012 8:54:45 AM Ignore RamboOn66 Report Abuse Bad news ethanol.
PathTrack Champion Author Twin Cities Posts:1,204 Points:135,055 Joined:Jan 2005	Message Posted: Dec 18, 2012 8:54:19 AM Ignore PathTrack Report Abuse The EPA will not budge on its use.
Prov1322 All-Star Author Atlanta Posts:510 Points:414,370 Joined:Nov 2011	Message Posted: Dec 18, 2012 8:52:09 AM Ignore Prov1322 Report Abuse Repeating what others have said for emphasis...stop forcing ethanol on us!
Oldzin All-Star Author Orange County Posts:940 Points:209,075 Joined:Oct 2012	Message Posted: Dec 18, 2012 8:51:25 AM Ignore Oldzin Report Abuse Very stupid to use a food crop instead of something otherwise useless like Switch Grass. [Edited by: Oldzin at 12/18/2012 9:53:11 AM EST]
johnbwilk Rookie Author Georgia Posts:6 Points:7,070 Joined:Oct 2012	Message Posted: Dec 18, 2012 8:50:41 AM Ignore johnbwilk Report Abuse Sugar Cane is a much better supplement to gasoline than corn and is not an important food item unless your hooked on Kellogs' Frosted Flakes (Used to called Sugar Frosted Flakes.) in which case we can distill pine trees. [Edited by: johnbwilk at 12/18/2012 9:53:55 AM EST]
mohammed10 Champion Author Seattle Posts:1,370 Points:609,370 Joined:Jun 2011	Message Posted: Dec 18, 2012 8:50:15 AM Ignore mohammed10 Report Abuse Ok
CTarp Champion Author Texas Posts:1,302 Points:633,215 Joined:Apr 2011	Message Posted: Dec 18, 2012 8:49:29 AM Ignore CTarp Report Abuse Ethanol needs to follow leaded gasoline to the dungon.
marion1739 All-Star Author Missouri Posts:969 Points:288,060 Joined:Jan 2011	Message Posted: Dec 18, 2012 8:48:16 AM Ignore marion1739 Report Abuse Find a way to use weeds not food
Insuremn Champion Author Twin Cities Posts:5,092 Points:1,058,410 Joined:May 2010	Message Posted: Dec 18, 2012 8:47:47 AM Ignore Insuremn Report Abuse Stop using ethanol.
TuanCanCook Champion Author Los Angeles Posts:20,973 Points:685,215 Joined:Jun 2011	Message Posted: Dec 18, 2012 8:47:47 AM Ignore TuanCanCook Report Abuse I thought we were going to get rid of ethanol? Nobody (but the corn lobby) seems to like it.
thuathienhue Champion Author Michigan Posts:3,584 Points:659,915 Joined:Jul 2011	Message Posted: Dec 18, 2012 8:47:40 AM Ignore thuathienhue Report Abuse Ok
BeulahME Champion Author Maine Posts:1,113 Points:447,735 Joined:Jan 2011	Message Posted: Dec 18, 2012 8:47:04 AM Ignore BeulahME Report Abuse I hate ethanol. End all Federal Funding of the crap!!!!!!!
JCI46009IN Champion Author Indiana Posts:2,129 Points:439,570 Joined:Sep 2011	Message Posted: Dec 18, 2012 8:46:31 AM Ignore JCI46009IN Report Abuse Let them choke on their Ethanol
BillHeatherL Champion Author Alberta Posts:7,787 Points:1,952,330 Joined:Apr 2007	Message Posted: Dec 18, 2012 8:45:59 AM Ignore BillHeatherL Report Abuse keep ethanol out of my gas tank
queenieIN All-Star Author Gary Posts:746 Points:289,845 Joined:May 2012	Message Posted: Dec 18, 2012 8:45:01 AM Ignore queenieIN Report Abuse Need different renewable fuel, and stop taking it of the diner table
Hangnail309 Champion Author Manitoba Posts:6,163 Points:1,704,860 Joined:Aug 2006	Message Posted: Dec 18, 2012 8:44:43 AM Ignore Hangnail309 Report Abuse Corn is for food not for fuel!
RONALD777 Champion Author Houston Posts:3,732 Points:391,430 Joined:Nov 2007	Message Posted: Dec 18, 2012 8:43:34 AM Ignore RONALD777 Report Abuse At least it helps the consumer.
kishoreCA Champion Author Ventura Posts:3,303 Points:420,595 Joined:Mar 2012	Message Posted: Dec 18, 2012 8:43:17 AM Ignore kishoreCA Report Abuse why government is not doing anything?
infinititom Champion Author Dallas Posts:1,134 Points:545,240 Joined:Oct 2011	Message Posted: Dec 18, 2012 8:43:01 AM Ignore infinititom Report Abuse How could this happen after the media beat us with facts claiming our Global warming behaviors caused the worst ever drought and there was no corn to be had???
jwalkerh Champion Author Louisiana Posts:6,197 Points:1,377,430 Joined:Oct 2008	Message Posted: Dec 18, 2012 8:42:45 AM Ignore jwalkerh Report Abuse Ok
vcsuksu21 Champion Author Oklahoma City Posts:2,519 Points:724,430 Joined:Dec 2010	Message Posted: Dec 18, 2012 8:42:36 AM Ignore vcsuksu21 Report Abuse need to get off ethanol
Jmac2008 Champion Author Missouri Posts:2,411 Points:907,865 Joined:Dec 2008	Message Posted: Dec 18, 2012 8:42:35 AM Ignore Jmac2008 Report Abuse if they would stop requiring ethanol, gas mileage would go up in cars.
tarheelcoastie Champion Author Greensboro Posts:5,326 Points:1,138,345 Joined:Jan 2009	Message Posted: Dec 18, 2012 8:42:23 AM Ignore tarheelcoastie Report Abuse after a drought that reduced corn supplies! what's going on here?
livedream Champion Author Michigan Posts:3,845 Points:782,010 Joined:Mar 2011	Message Posted: Dec 18, 2012 8:42:20 AM Ignore livedream Report Abuse I agree with TopGunn!
Soglaos Champion Author Virginia Beach Posts:2,851 Points:765,405 Joined:Feb 2011	Message Posted: Dec 18, 2012 8:42:01 AM Ignore Soglaos Report Abuse Ban all Ethanol Now! Corn is Food not a gas Additive
JWHITE1937 Champion Author Massachusetts Posts:2,667 Points:1,024,705 Joined:Aug 2006	Message Posted: Dec 18, 2012 8:41:08 AM Ignore JWHITE1937 Report Abuse It's Renewable and there's a surplus!
TopGunn Champion Author Baltimore Posts:9,326 Points:2,643,980 Joined:Aug 2004	Message Posted: Dec 18, 2012 8:40:15 AM Ignore TopGunn Report Abuse ETHANOL IS, ALWAYS HAS BEEN AND ALWAYS WILL BE, A VERY POOR CHOICE FOR USE AS AN ENGINE FUEL SUPPLEMENT.
CharlieC08 Champion Author Colorado Posts:8,077 Points:1,486,075 Joined:Oct 2008	Message Posted: Dec 18, 2012 8:40:08 AM Ignore CharlieC08 Report Abuse I can hear the farmers crying already.