PDF attached
US weekly ethanol production decreased a more than expected 18,000 barrels (trade looking for down 10k) to 1.035 million. Ethanol stocks were up a much larger than expected 884,000 barrels (trade looking for 363,000 barrels higher) to 24.476 million, highest since May 1, 2020. Gasoline stocks increased 1.3 million barrels to 247.9 million. Gasoline product supplies was 8.505 million barrels, 281,000 above the previous week and near the average for the past 4 previous weeks. The ethanol blend rate was 91.5%, below 90.8% previous week.
US DoE Crude Oil Inventories (W/W) 21-Jan: 2377K (est 1000K; prev 515K)
– Distillate Inventories: -2798K (est -1183K; prev -1431K)
– Cushing OK Crude: -1823K (prev -1314K)
– Gasoline Inventories: 1297K (est 1900K; prev 5873K)
– Refinery Utilization: -0.40% (est -0.40%; prev -0.30%)
NE Iowa ethanol margins
Source: Reuters and FI
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
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Weekly_EIA_Ethanol_Data-FI012622.pdf