Assistant Professor/Grain Markets Specialist Ethanol May 15, 2012 Chad Hart Assistant Professor/Grain Markets Specialist chart@iastate.edu 515-294-9911 1 1

Ethanol Margins

Prices

Fuel Prices

Relative Prices

Blending Margins

Corn Grind for Ethanol Source: DOE-EIA

Ethanol Stocks Source: DOE-EIA

U.S. Blended Gasoline Consumption 7.6 bil. gal. 7.4 bil. gal. Source: DOE-EIA, via USDA-ERS

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