U.S. Corn Supply and Use 2010 Estimate and 2011/12 Forecasts
Renewable Fuel Standard Source: Energy Independence and Security Act of 2007.
U.S. Ethanol Production Capacity Source: Production capacity from Renewable Fuels Association. RFS from Energy Independence and Security Act of 2007. 2007 2006 2008 2009 2010 2011 2012
U.S. Blended Motor Gasoline Consumption Source: DOE-Energy Information Administration, Short-term Energy Outlook (STEO) and Annual Energy Outlook (AEO). 7.6 bil. gal. 5.3 bil. gal.
Ethanol Producer Net Returns Above Variable Costs / Spot prices Note: USDA-WAOB estimates based on USDA-AMS plant reports and DOE-EIA estimates and forecasts for natural gas and electricity prices. + 39 cents / gal. (10/14/11)
Ethanol and RBOB Nearby Futures Prices Note: Ethanol prices based on CBOT nearby futures. RBOB (Reformulated Gasoline Blend Stock) based on NYME nearby futures. Reformulate Gasoline Blend Stock (RBOB) Ethanol $0.12
Ethanol and RBOB Nearby Futures Spreads Note: Ethanol prices based on CBOT nearby futures. RBOB (Reformulated Gasoline Blend Stock) based on NYME nearby futures. 45-cent blender credit (Ethanol – RBOB) Blending incentive (10/13/11) = $0.57