PDF attached
US ethanol production dropped a large 57,000 barrels to 967,000 and stocks decreased 987,000 barrels to 24.306 million. A poll looked for a 18,000 decline in output and stocks to increase 18,000. Ethanol production is down on average 9,000 barrels over a 4 week period and stocks down 305,000 barrels. September 2022 to date ethanol production is running 3.3 percent below a year ago level. US gasoline stocks were 221.1 million barrels, off 2.4 million from the previous week and implied demand up 992,000 barrels to 9.511 million. US ethanol blended into total finished motor gasoline was running at 91.5%, up from 90.9% week earlier.
US DoE Crude Oil Inventories (W/W) 21-Apr: -5.054M (est -1.500M; prev -4.581M)
– Distillate Inventories: -577K (est -1.078M; prev -355K)
– Cushing OK Crude Inventories: +319K (prev -1.088M)
– Gasoline Inventories: -2.408M (est -1.500M; prev +1.299M)
– Refinery Utilization: 0.30% (est 0.50%; prev 1.70%)
| Terry Reilly Senior Commodity Analyst – Grain and Oilseeds |
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Weekly_EIA_Ethanol_Data-FI042623.pdf