PDF attached
Weekly US ethanol production as of June 11 dropped a much more than expected 42,000 barrels per day from the previous week (a Bloomberg poll looked for only 4,000 barrels) to 1.025 million and stocks increased 642,000 barrels (poll was +189,000 barrels) to 20.602 million, highest since April 2. Gasoline product supplied was up 880,000 barrels, a large amount, to 9.360 million, highest in a month and a good indicator demand was good for that week. The ethanol blend rate was 91%, up from 90.8% previous week. We see no reason for USDA to make an adjustment to its 2020-21 US corn ethanol demand next month.
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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Weekly_EIA_Ethanol_Data-FI061621.pdf