PDF attached
Weekly US ethanol production increased 34,000 barrels per day to 889 thousand, above a Bloomberg trade average of 874. Stocks decreased a large 1.006 million barrels to 21.685 million. Traders were looking for stocks to be down only 50,000 barrels. US gasoline stocks fell 4.7 million barrels to 207.45 million barrels, lowest since November 2014. US gasoline demand increased 640,000 barrels to 9.46 million barrels. EIA suggested the total ethanol blended into finished motor gasoline was running at 92.6%, up from 90.9% previous week.
US DoE Crude Oil Inventories (W/W) 30-Sep: -1.356M (est +1.800M; prev -215K)
– Distillate: -3.443M (est -1.500M; prev -2.891M)
– Cushing: +273K (prev +692K)
– Gasoline: -4.728M (est -1.100M; prev -2.422M)
– Refinery: 0.70% (est -0.50%; prev -3.00%)
Export developments.
· None reported
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
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Weekly_EIA_Ethanol_Data-FI100522.pdf