PDF attached
Weekly US ethanol production increased 4,000 barrels to 987 million (trade was looking for up 7k) and stocks increased 361,000 barrels to 23.807 million (trade estimated a 177,000-barrel decline). Stocks are largest since May 6, 2022. Production was second lowest since May 13, 2022. Seasonal downtime should be noted. We lowered our 2021-22 corn for ethanol use to 5.330 billion bushels, 20 million below USDA. For new-crop USDA is at 5.375 billion (up 25 million from current). US gasoline demand dropped 914,000 barrels to 8.434 million. Gasoline stocks fell 27,000 barrels to 215.7 million. The percentage of ethanol blended into finished motor gasoline was 92.5%, up from 91.5% previous week.
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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Skype: fi.treilly
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Weekly_EIA_Ethanol_Data-FI082422.pdf