PDF attached
Weekly ethanol production fell 23,000 barrels per day to 1.018 million and stocks increased 105,000 barrels to 22.934 million. A Bloomberg poll looked for weekly US ethanol production to be down 3,000 thousand and stocks down 100,000 barrels to 22.729 million. The four-week average for ethanol production is down 6,000 barrels per day. Early September to date ethanol production is running 4.5% below the same period year ago, and 2.1% below pracademic 2019 level. US gasoline stocks increased for the third consecutive week, by 2.770 million barrels to 213.8 million and US gasoline demand slipped for the third consecutive week, by 10,000 barrels to 8.317 million barrels. The 4-week average US implied gasoline demand is running about 5% below the same period year ago and about 9.5% below same period in 2019 before covid impacted the United States. For the week ending 11/25, US ethanol blended into finished motor gasoline ran at 91% of finished motor gasoline, up from 90.1% previous week.
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
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Weekly_EIA_Ethanol_Data-FI113022.pdf