PDF attached


US weekly ethanol production was up 7,000 barrels per day or 0.8% to 900,000 barrels and stocks were down a large 870,000 barrels or 4.1% to 20.164 million barrels.  A Bloomberg poll looked for weekly US ethanol production to be up 15,000 and stocks to decrease 65,000 barrels.  Cumulative crop year to date production is down 10 percent from the comparable period last season.  The week ending June 26 stamps the ninth consecutive week of expansion following the April 24 low of 537,000 barrels.  Stocks are down ten consecutive weeks to 20.164 since peaking at 27.689 million as of April 17, a 27 percent decrease.  We are using 4.875 billion bushels for corn for ethanol usage, 25 million below USDA. 







Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

Futures International │190 S LaSalle St., Suite 410│Chicago, IL  60603

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