date:Aug 16, 2013
SDA estimate of 4.6 billion bushels. Stocks were estimated at 16.4 million barrels, down 1.75% vs. last week and down 11% vs. last year.
The data implies that ethanol demand for the old crop marketing year may decline on futures USDA reports which could increase the carry-in estimate for the 13/14 marketing year.
The RIN market was bid higher following the report and crude/gas was higher on the day. There was also talk of the September weather models trending cooler than prior maps which promp