FI US Ethanol Snapshot 09/01/21

Having email issues. 

 

PDF attached

 

Weekly US ethanol production fell for the eighth consecutive week, longest streak since the pandemic.  For the week ending August 27, it was off 28,000 barrels to 905,000 barrels (trade was looking down 7,000), lowest level since 2/26/21.  2020-21 US weekly ethanol production increased only 3.3% from the 2019-20 crop year.  Ethanol stocks fell for the fifth consecutive week by 113,000 barrels to 21.110 million barrels (trade was looking for a 77,000 barrel decrease).

 

US gasoline stocks increased 1.3 million barrels to 227.2 million.  Rolling 4-week average US gasoline demand increased from the previous week and running 8 percent above around this time a year ago but 2.6% below the comparable period a year ago. 

 

US DoE Crude Oil Inventories (W/W) 27-Aug: -7169K (est -2500K; prev -2980K)

– Distillate Inventories: -1732K (est -550K; prev 645K)

– Cushing OK Crude Inventories: 836K (prev 70K)

– Gasoline Inventories: 1290K (est -1600K; prev -2241K)

– Refinery Utilization: -1.10% (est 0.35%; prev 0.20%)

 

 

 

Crude Oil weekly Stocks

 

 

 

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

treilly@futures-int.com

ICE IM:  treilly1

Skype: fi.treilly

 

 

Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons.  All of these investment products are leveraged, and you can lose more than your initial deposit.  Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction.  The information provided here should not be relied upon as a substitute for independent research before making your investment decisions.  Futures International, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs.  All investors should obtain advice based on their unique situation before making any investment decision.  The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative.  The sources for the information and any opinions in this communication are believed to be reliable, but Futures International, LLC does not warrant or guarantee the accuracy of such information or opinions.  Futures International, LLC and its principals and employees may take positions different from any positions described in this communication.  Past results are not necessarily indicative of future results.