PDF attached
EIA-U.S. WEEKLY ETHANOL OUTPUT UP 89,000 BPD TO 938,000 BPD
EIA-U.S. WEEKLY ETHANOL STOCKS OFF 355,000 BBLS TO 22.07 MLN BBLS
EIA-U.S. WEEKLY CRUDE STOCKS AT CUSHING UP 526,000 BBLS TO 48.83 MLN
EIA-U.S. WEEKLY GASOLINE OUTPUT UP 704,000 BPD TO 9.01 MLN BPD
EIA-U.S. WEEKLY REFINERY UTILIZATION UP 13.0 PCT TO 69.0 PCT
EIA-U.S. WEEKLY CRUDE RUNS UP 2.41 MLN BPD TO 12.31 MLN BPD
EIA-U.S. WEEKLY DISTILLATE OUTPUT UP 806,000 BPD TO 3.7 MLN BPD
EIA-U.S. WEEKLY HEATING OIL STOCKS UP 544,000 BBLS TO 8.81 MLN
EIA-U.S. WEEKLY PRODUCT IMPORTS OFF 534,000 BPD TO 1.82 MLN BPD
EIA-U.S. WEEKLY NET CRUDE IMPORTS OFF 919,000 BPD TO 3.02 MLN BPD
EIA-U.S. TOTAL PRODUCT DEMAND OVER PAST 4 WKS 19.2 MLN BPD, OFF 7 PCT FROM YR AGO
Weekly US ethanol production came in better than expected at 938,000 barrels per week, highest rate since mid-Jan, up 89,000 barrels, versus a Bloomberg poll looking for a 57,000 barrel increase and stocks came in 355,000 barrels below the previous week to 22.425 million BB poll @ 22.433 million). US ethanol stocks are lowest since November 20, 2020. Ethanol production is still down about 10 percent from around this time year ago, and the September to date ethanol production combined is running 10.2 percent below the same period a year earlier. They have not been any reported imports since early December. UUS gasoline stocks of 231.6 million barrels are down 12 million from the previous week and demand (product supplied) increased for the second week in a row to 8.726 million, highest weekly rate since early November. Using the latest gasoline demand for the week ending March 5th, its down 7.7 percent from about the same period a year earlier. Ethanol blended into finished motor gasoline was running at 94 percent, down from 96 percent week earlier. We raised our US 2020-21 corn for ethanol usage to 4.970 billion bushels from 4.962 billion previously on US economic recovery and states loosening restrictions. USDA is at 4.950 billion bushels.
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-FI031021.pdf