From: Terry Reilly
Sent: Wednesday, August 15, 2018 1:31:24 PM (UTC-06:00) Central Time (US & Canada)
Subject: FI US Ethanol Snapshot 08/15/18

PDF attached


Ethanol update

  • The US weekly EIA ethanol data was negative for US corn futures, in our opinion.
  • Production decreased 28,000 barrels per day to 1.072 million barrels per day (bbl) and stocks increased 94,000 to 23.017 million.
  • A Bloomberg poll called for US ethanol production to fall 14,000 million/day and stocks to increase 59,000 barrels. 
  • US ethanol production of 1.072 million barrels per day is still up 1.2% from about the same time a year ago, and running near a record.
  • Padd2 production was 981,000 barrels, down 28,000 from a week earlier.
  • September 2017 to date US ethanol production is running 2.9% above the same period a year ago.
  • There were no imports reported this week.
  • Ethanol stocks of 23.017 million barrels are up 6.3% from four weeks ago and up 5.4% from a year ago.
  • Ethanol stocks were higher since mid-March 2017.  
  • Days of inventory of 21.4 compares to 21.0 a month ago and 20.2 during comparable period a year ago.
  • Weekly ending stocks of total gasoline were down 0.740 million barrels to 233.1 million barrels.
  • The net blender input of fuel ethanol was up 7,000 from the previous week at 948,000 bpd, above its 4-week average of 936,000 bpd. 
  • Net production of finished reformulated and conventional motor gasoline with ethanol, increased 67,000 to 9.377 million barrels, or 91.3 percent of the net production of all finished motor gasoline, up from up from 91.2 percent for the previous week.
  • Our 2017-18 crop-year corn for ethanol usage is 5.635 billion bushels, above USDA’s current estimate of 5.600 and compares to 5.432 billion for 2016-17.  USDA looks for 2018-19 US corn for ethanol use at 5.525 billion bushels.




Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

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

W: 312.604.1366

AIM: fi_treilly

ICE IM:  treilly1

Skype: fi.treilly


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