PDF attached
US weekly ethanol production fell 28,000 barrels per day to 1.0 million barrels (traders looked for a 11k decline) and stocks fell 25,000 barrels to 24.417 million barrels (trade average was looking for up 572k). US ethanol production is still up 14,000 barrels for the four-week average. Early September to date US ethanol production is running 4.6 percent below the same period year ago. US gasoline stocks increased by 5.008 million barrels to 239.6 million and are up six-consecutive weeks. Implied US gasoline demand fell 63,000 barrels to 8.429 million, with the 4-week average down about 2% from the same period a year ago. Refinery and blender net input of oxygenates fuel ethanol was 819,000 barrels, down 19,000 barrels from the previous week, and slightly above a 4-week average. The ethanol percent blend rate into finished US motor gasoline was 91.2%, down from 91.6% previous week.
US DoE Crude Oil Inventories (W/W) 03-Feb: +2.423M (est +2.000M; prev +4.140M)
– Distillate: +2.932M (est +1.000M; prev +2.320M)
– Cushing: +1.043M (prev +2.315M)
– Gasoline: +5.008M (est +1.600M; prev +2.576M)
– Refinery Utilization: +2.2% (est +0.5%; prev -0.4%)
| Terry Reilly Senior Commodity Analyst – Grain and Oilseeds |
| Futures International One Lincoln Center 18W140 Butterfield Rd. Suite 1450 Oakbrook terrace, Il. 60181 |
| Work: 312.604.1366 ICE IM: treilly1 Skype IM: fi.treilly |
| treilly@futures-int.com
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Weekly_EIA_Ethanol_Data-FI020823.pdf