PDF attached
Weekly US ethanol production last week was off 40,000 barrels to 933,000 barrels (trade was looking up 2,000) and stocks were down 335,000 barrels to 21.223 million barrels (trade looking for a 39,000 decrease) from the previous week. Ethanol production have fallen seven consecutive weeks and for the week ending 8/20 production posted its largest weekly decline since June 11, and was lowest since January 22, 2021. Stocks are lowest since 7/9/21. Early September to date ethanol production is running 3.4 percent below the same period a year ago. We are using 5.056 billion bushels, below USDA’s estimate of 5.075 billion. For 2021-22, we have 5.250 billion, 50 million below USDA. US gasoline stocks decreased 2.24 million barrels to 225.92 million. US gasoline demand was up from the previous week but overall running 4.5 percent above a year ago and off 3.3 percent from around this time in 2019.
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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