PDF attached
Weekly ethanol production increased 31,000 barrels per day to 1.028 million, highest since late January and well above a Bloomberg trade average of 1.003 million. Ethanol stocks increased 338,000 barrels to 25.272 million (trade was looking for 24.930 million). Our corn for ethanol estimate is same as USDA, 5.325 billion.
US DoE Crude Oil Inventories (W/W) 04-Mar: -1863K (est -1250K; prev -2597K)
– Distillate Inventories: -5230K (est -1350K; prev -574K)
– Cushing OK Crude Inventories: -585K (prev -972K)
– Gasoline Inventories: -1405K (est -1716K; prev -468K)
– Refinery Utilization: 1.60% (est 0.35%; prev 0.30%)
EIA: Distillate Stockpiles Fall To Lowest Since Nov 2014
– Crude Stocks At Cushing, OK, Fell Last Week To Lowest Since August 2018
– US Crude Stocks In SPR Fell Last Week To Lowest Since July 2002
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
One Lincoln Center
18 W 140 Butterfield Rd.
Oakbrook Terrace, Il. 60181
W: 312.604.1366
ICE IM: treilly1
Skype: fi.treilly
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Weekly_EIA_Ethanol_Data-FI030922.pdf