From: Terry Reilly
Sent: Wednesday, February 05, 2020 9:58:50 AM (UTC-06:00) Central Time (US & Canada)
Subject: FI US Ethanol Snapshot 02/05/20
PDF attached (was revised for some charts to include 2020 data)
US weekly ethanol production and stocks showed a big miss by the trade. US production was reported up 52,000 barrels to 1.081 million. The trade was looking for unchanged. US ethanol stocks declined by a large 770,000 barrels while the trade was looking for a 249,000 decrease (not a big miss when thinking about the recent large weekly swings). We see this report as slightly supportive for corn. Production last week was the third highest so far for the corn marketing year (Sep-Aug). Stocks were third highest for the corn marketing year.
Senior Commodity Analyst – Grain and Oilseeds
Futures International │190 S LaSalle St., Suite 410│Chicago, IL 60603
ICE IM: treilly1
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