PDF attached
US ethanol production fell by a more than expected 13,000 barrels per day to 973,000 barrels, lowest amount since April 30, 2011. Traders were looking for production to be up 1,000 barrels. Stocks saw a draw of 718,000 barrels, largest weekly decline since May 7, to 21.558 million barrels, lowest level since June 9. We are hearing a lot of plants are slowing production. September 2020 through August 13 to date ethanol production is running 3.5% above the same period a year earlier. Production is still running about 30-40k per day below around this time two years ago. US gasoline demand eroded 97,000 barrels to 9.333 million barrels, and down around 3 percent from this time in 2019. Ethanol blended into finished motor gasoline fell to 91% from 93.9% previous week.
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
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Weekly_EIA_Ethanol_Data-FI081821.pdf