Ethanol Slow Downs Translate to Big Distillers Corn Oil Cuts

Two cars of lard traded into the Chicago market today. 

The EIA ethanol production estimate for last week was down 16.4 percent from the week prior, the lowest production estimate since the week ending September 20, 2013. With ethanol margins at an estimated negative fifty cents, gasoline demand down 25 percent from last week and ethanol storage up to an all time high at 25.7 million barrels (just over 1 bil…