market outlook for ethanol , other fuels, and agricultural products
DESCRIPTION
Patrick Westhoff FAPRI University of Missouri [email protected]. Market outlook for ethanol , other fuels, and agricultural products. 2009 International Sweetener Colloquium Orlando, February 9, 2009. U.S. biofuel production. - PowerPoint PPT PresentationTRANSCRIPT
Patrick WesthoffFAPRI
University of [email protected]
2009 International Sweetener ColloquiumOrlando, February 9, 2009
Source: FAPRI-MU projections, Nov. 2008. Prices expressed on a Sep.-Aug. year basis.
Source: FAPRI-MU projections, Nov. 2008
Source: Renewable Fuels Association. Note: Excludes plants that have been built but that are not operating.
FAPRI November 2008 estimates
Source: FAPRI-MU projections, Nov. 2008.
*To meet air quality requirements and state mandates
Source: FAPRI-projections, Nov. 2008. Assumes tariffs and tax credits extendedNotes: RFS adjusted for shortfall in cellulosic production relative to mandate; one
gallon of biodiesel assumed to count as 1.5 gallons of biofuel
Source: FAPRI 2008 stochastic baseline. FAPRI is now developing its 2009 stochastic baseline.
Source: FAPRI 2008 stochastic baseline. FAPRI is now developing its 2009 stochastic baseline.
Futures, 6/6/08, March 2009 contracts:NYMEX petroleum: $136.93-$5.00 basis; CBOT corn: $6.92-$0.40 basis
Source: FAPRI 2008 stochastic baseline. FAPRI is now developing its 2009 stochastic baseline.
Futures, 1/27/09, March 2009 contracts:NYMEX petroleum: $41.58-$3.00 basis; CBOT corn: $3.77-$0.25 basis
