PDF attached
Weekly US ethanol production increased a more than expected 14,000 barrels to 1.014 million, highest in two weeks. Traders were looking for a 4,000-barrel increase. US ethanol stocks increased a large 922,000 barrels to 25.339 million. Traders were looking for a 115,000-barrel increase. There were no imports. US ethanol production since early September 2022 is running 4.4 percent below the same period year earlier. US gasoline stocks of 241.9 million barrels were up 2.316 million from the previous week, sixth consecutive weekly increase. Implied US gasoline demand was down 154,000 barrels to 8.274 million, about 2.8 percent below year ago level when looking at an average over the past four week. Refinery and blender net input of oxygenates fuel ethanol was 874,000 barrels, up 55,000 from the previous week and 4.7% above this time year ago, and above the previous 4-week average of 830,000 barrels. Net production of combined finished reformulated and conventional motor gasoline with ethanol was 8.593 million barrels, up 499,000 barrels from the previous week and represents 92.3 percent of total finished motor gasoline, up from 91.2% previous week.
EIA US Crude Oil Stocks Change (Barrels) Feb 10: 16283k (exp 2000k; prev 2423k)
Distillate Inventory: -1285k (exp 1000k; prev 2932)
Cushing OK Crude Inventory (Barrels): 659k (prev 1043k)
Gasoline Inventories: 2316k (exp 1500k; prev 5008k)
Refinery Utilization (W/W): -1.40% (exp 0.80%; prev 2.20%)
| 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
|
| DISCLAIMER: The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Futures International, LLC does not warrant or guarantee the accuracy of such information or opinions. This communication may contain links to third party websites which are not under the control of FI and FI is not responsible for their content. Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Futures International, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. Futures International, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. |
Weekly_EIA_Ethanol_Data-FI021523.pdf