PDF attached
Weekly US ethanol production was up 43,000 barrels (trade looking for 12k) from the previous week and stocks off a large 695,000 barrels (trade looking for 62k increase). We see no influence on CBOT corn prices based on the recent report. The 4-week average weekly change is up 29,000 for ethanol production. Stocks are at their lowest level since November 20. September through March 26 US ethanol production is running nearly 10 percent below the same period a year earlier. Production needs to improve from now until the end of August in order to reach USDA 4.950 billion bushel estimate.
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
One Lincoln Center
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Oakbrook Terrace, Il. 60181
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ICE IM: treilly1
Skype: fi.treilly
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Weekly_EIA_Ethanol_Data-FI.pdf