PDF attached
US weekly EIA ethanol production was off 11,000 barrels per day to 926,000 barrels. Trade was looking for production to be up 4,000. Stocks increased 101,000 barrels to 20.111 million. Trade was looking for a 4,000 increase. Production for the corn crop year (Sep-Aug) are off to a slow start relative to pre-pandemic levels and stocks are low for this time of year. With ethanol margins improving due to energies rallying and corn prices dropping, we look for a good recovery in production over the next few weeks.
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
One Lincoln Center
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Weekly_EIA_Ethanol_Data-FI092221.pdf