PDF attached
Weekly US ethanol production was up 16,000 barrels to 1.042 million (trade looked for a 2,000 barrel increase) from the previous week and stocks up 203,000 barrels to 26.148 million (trade was looking for up 145k). The report was viewed positive for US corn futures. Ethanol production was highest since January 14. Early September to date US ethanol production is running 10.6% above the same period year earlier but down 0.4% from the comparable period 2019-2020. US gasoline stocks fell 2.948 million barrels to 238.04 million. Ethanol blended into finished motor gasoline is running near 91.1%.
US DOE Crude Oil Inventories Mar 18: -2508K (est -750K; prev 4345K)
US DOE Distillate Inventory Mar 18: -2071K (est -1050K; prev 332K)
US DOE Cushing Inventory Mar 18: 1235K (prev 1786K)
US DOE Gasoline Inventories Mar 18: -2948K (est -1850K; prev -3615K)
US DOE Refinery Utilisation Mar 18: 0.70K (est 0.20%; prev 1.10%)
US Distillate Stockpiles At Lowest Level Since April 2014
9:48:03 AM livesquawk European Gas Surges 34% As Russian Pres. Putin Seeks Payments In Roubles
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
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. 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. 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-FI032322.pdf