PDF attached
Weekly US ethanol production increased 23,000 barrels to 1.048 million from the previous week and stocks increased 518,000 barrels to 21.120 million. The trade was looking for a 6,000 increase for production and stocks to increase 59,000 barrels. Production was the second largest weekly figure so far this corn crop year (Sep-Aug), behind 1.067 million as of June 6. Corn crop year to date production is now running 2 percent above the comparable period last year (was running 10 percent below mid-March). Gasoline product supplied (demand) increased 80,000 barrels to 9.440 million. US crude oil stocks fell to its lowest since March 2020 last week.
We are using 5.060 billion for 2020-21 US corn for ethanol use, up about 20 million bushels previous and 10 million above USDA. 2019-20 corn use was 4.852 billion.
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
One Lincoln Center
18 W 140 Butterfield Rd.
Oakbrook Terrace, Il. 60181
W: 312.604.1366
ICE IM: treilly1
Skype: fi.treilly
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Weekly_EIA_Ethanol_Data-FI062321.pdf