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CRB/CME Group Weekly Ethanol Report: Next Seven Weeks Will Be Critical for the Ethanol Industry

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In Brief...

Third, the EPA is due to rule by early to mid January on whether to allow E15 in vehicles with model years of 2001-06. The EPA has already approved E15 for model years 2007 and newer, which should provide a small boost for ethanol demand later in 2011.. Ethanol Market Action -- Dec ethanol futures prices last week closed mildly higher by 4.1 cents at $2.145 per gallon. Dec ethanol prices last week were a little stronger than gasoline prices, producing a 6.5 cent discount of Dec ethanol prices relative to gasoline, which equates to a 51.5 cent discount including the 45-cent ethanol tax credit.. The Dec ethanol-corn crush margin last week fell by 2.2 cents to 22.3 cents/gallon.

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