PDF attached
Weekly US ethanol production was down 18,000 barrels to 1.018 million and stocks fell a large 722,000 barrels to 22.226 million. For comparison, a Bloomberg poll looked for weekly US ethanol production to be up 7,000 thousand barrels and stocks up 104,000 barrels to 23.052 million. Sep to date ethanol production is down 3.1% from the same period for 2021-22. US gasoline stocks increased by 2.1 million barrels to 220.9 million and implied demand for gasoline dropped 25,000 barrels to 9.193 million, about up 1.8 percent over a 4-week period compared to year ago. Ethanol blended into finished motor gasoline ran at about 91.3 percent of the total, a four-week high.
US DoE Crude Oil Inventories (W/W) 9-June: 7919K (exp -1536K; prev -452K)
Distillate: 2123K (exp 1750K; prev 5074K)
Cushing: 1554K (prev 1721K)
Gasoline: 2108K (exp 1000K; prev 2745K)
Refinery Utilisation: -2.10% (exp 0.00%; prev 2.70%)
| Terry Reilly Senior Commodity Analyst – Grain and Oilseeds |
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Weekly_EIA_Ethanol_Data-FI061423.pdf