PDF attached
· The US weekly EIA ethanol data was viewed neutral to slightly bullish for US corn futures and neutral for US ethanol futures.
· Weekly US ethanol production decreased 8,000 barrels from the previous week to 995 thousand barrels per day (bbl).
· Ethanol stocks decreased a large 1.1 million barrels to 24.803 million.
· For comparison, A Bloomberg poll looked for weekly US ethanol production to decrease 1,000 barrels from the previous week and stocks to decrease 203,000 barrels.
US DoE Crude Oil Inventories (W/W) 08-Apr: 9382K (est 1000K; prev 2421K)
– Distillate Inventories: -2902K (est -416K; prev 771K)
– Cushing OK Crude Inventories: 450K (prev 1654K)
– Gasoline Inventories: -3648K (est -600K; prev -2041K)
– Refinery Utilization: -2.50% (est 0.30%; prev 0.40%)
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
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Weekly_EIA_Ethanol_Data-FI041322.pdf