PDF attached
Weekly US ethanol production was up a large 33,000 barrels to 1.067 million (trade looking for up 2,000) and stocks increased 372,000 barrels to 19.960 million (trade +110k). For the week ending June 6, ethanol output of 1.067 million barrels is highest since 2/28/20, and more interestingly only 41,000 barrels below the weekly record set early December 2017 of 1.108 million barrels. Production is up about 9% from around this time last month. Last week’s production came in above the comparable 2017 & 2018 periods but was just short what was produced in week 40 in 2019. Ethanol stocks are off 8.4% from around this time year ago. US gasoline demand fell 666,000 barrels from the previous week, but lagging demand for this time of year in 2019.
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
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Weekly_EIA_Ethanol_Data-FI060921.pdf