PDF attached
EIA weekly US ethanol production for the week ending 12/11 was reported at 957,000 barrels per day, down 34,000 barrels from the previous week, bearish in our opinion for US corn futures. Weekly ethanol stocks were up a large 867,000 barrels to 22.950 million barrels. A Bloomberg poll looked for weekly US ethanol production to be down 9,000 from the previous week and stocks up to 320,000 barrels. Weekly ethanol production slipped to its lowest level since mid-November. September to date ethanol production is running 6.3 percent below the same period year ago. Ethanol stocks are highest since May 22. Ethanol blended into gasoline were 7.94 million barrels, representing 89.3 percent of blend rate into finished motor gasoline.
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
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Weekly_EIA_Ethanol_Data-FI121620.pdf