PDF attached
US weekly ethanol production increased 7,000 barrels to 1.040 million and stocks decreased 59,000 barrels to 22.232 million. A Bloomberg poll looked for weekly US ethanol production to be up 5,000 thousand and stocks up 51,000. US ethanol production is highest since end of July 2022. Stocks are highest since the third week of September. US gasoline stocks decreased 1.26 million barrels to 206.6 million and gasoline demand fell 270,000 barrels to 8.660 million.
US DoE Crude Oil Inventories (W/W) 28-Oct: -3.115M (est -200K; prev +2.588M)
– Distillate: +427K (est -500K; prev +170K)
– Cushing: +1.267M (prev +667K)
– Gasoline: -1.257M (est -1.000M; prev -1.478M)
– Refinery Utilization: +1.70% (est +0.50%; prev -0.60%)
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
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Weekly_EIA_Ethanol_Data-FI110222.pdf