PDF attached
US weekly ethanol production dropped an unexpected 40,000 barrels per day to 1.011 million and stocks dropped a large 894,000 barrels to 21.298 million. For comparison, a Bloomberg poll looked for weekly US ethanol production to be down 4,000 thousand and stocks up 126,000 barrels. Crop year to date production (early Sep to November 11) is running 4.9 percent below the comparable period year ago. US gasoline stocks were up 2.207 million barrels to 207.9 million and gasoline demand fell 269,000 barrels to 8.742 million.
US DoE Crude Oil Inventories (W/W) 11-Nov: -5.400M (est -1.900M; prev +3.925M)
– Distillate: +1.120M (est -1.000M; prev -521K)
– Cushing: -1.624M (prev -923K)
– Gasoline: +2.207M (est +200K; prev -900K)
– Refinery Utilization: +0.8% (est +0.3%; prev +1.5%)
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International | 190 S LaSalle St, Suite 410 | Chicago, IL 60603
W: 312.604.1366
treilly@futures-int.com
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Weekly_EIA_Ethanol_Data-FI111622.pdf