PDF attached
US weekly EIA ethanol production for the week ending November 4 increased 11,000 barrels to 1.051 million, up 6 consecutive weeks, and highest since January 14th, 2022. Ethanol stocks declined 40,000 barrels to 22.192 million. For comparison, a Bloomberg poll called for US ethanol production to be down 1,000 thousand barrels per day and stocks up 25,000 barrels. There were no ethanol imports. US ethanol production since early September is running 5 percent below the same period a year ago. US gasoline stocks fell 900,000 barrels to 205.7 million, fourth consecutive week of a decline, and lowest since 11/14/2014. US gasoline demand increased 351,000 barrels to 9.011 million, highest since end of September. Refinery and blender net input of oxygenates fuel decreased 21,000 barrels to 884,000, below previous 4-week average of 908,000.
US DoE Crude Oil Inventories (W/W) 04-Nov: +3.925M (est +250K; prev -3.115M)
– Distillate: -521K (est -500K; prev +427K)
– Cushing: -923K (prev +1.267M)
– Gasoline: -900K (est +1.450M; prev -1.257M)
– Refinery Utilization: +1.5% (est +0.4%; prev +1.7%)
EIA: US Crude Stockpiles Rise In Latest Week, Highest Since July 2021
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
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.
Weekly_EIA_Ethanol_Data-FI110922.pdf