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Weekly US ethanol production fell an unexpected 12,000 barrels per day (trade weas looking for up 13,000) to 914,000 barrels, lowest since late August.  PADD2 was down 330,000 barrels per day.  Stocks increased for the second consecutive week by 109,000 to 20.220 million barrels, near expectations.  Gasoline stocks increased a small amount to 221.8 million barrels.  Ethanol % blended into finished motor gasoline was 92.3%, down from 92.4% from the previous week.  Annualized corn use for ethanol production is under 5.1 billion bushels, below the rate during September 2020.  The poor start of the corn calendar year (Sep-Aug) rate of US ethanol production is negative for corn.  2021-22 September through December US domestic corn demand could be down from last year.  Recall last Friday’s pig report implies lower corn for feed demand for the summer quarter, and upcoming fall quarter. 






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


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