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Weekly US ethanol production rose 54,000 barrels, well more than trade expectations for a 7,000-barrel increase to 1.032 million barrels, after surging 64,000 barrels the week earlier.  Midwest PADD 2 increased 40,000 barrels to 977,000 barrels.   US ethanol stocks decreased 84,000 barrels to 19.847 million, smallest inventory since May 28.  Ethanal production last week nearly match its 2018-19 level for this time of year and is highest since July 9, 2021.  Early September to date US ethanol production is running 3.6% above the same period a year ago.  US gasoline stocks fell 241,000 barrels to 9.186 million, and gasoline demand is running about 1 percent below this time two years ago, but up about 6 percent from year earlier.  The ethanol blend rate into finished motor gasoline was 93.1%, up from 92.4% previous week. 

 

 

 

Year to date

 

 

 

Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

Futures International
One Lincoln Center
18 W 140 Butterfield Rd.

Suite 1450

Oakbrook Terrace, Il. 60181

W: 312.604.1366

treilly@futures-int.com

ICE IM:  treilly1

Skype: fi.treilly

 

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