From: Terry Reilly
Sent: Wednesday, August 22, 2018 12:10:58 PM (UTC-06:00) Central Time (US & Canada)
Subject: FI US Ethanol Snapshot 08/22/18

PDF attached


Ethanol update

  • The US weekly EIA ethanol data was viewed neutral for US corn futures and slightly bearish for US ethanol futures. 
  • Production increased 1,000 barrels per day to 1.073 million barrels per day (bbl) and stocks increased 242,000 to 23.259 million.
  • A Bloomberg poll called for US ethanol production to increase 12,000 million/day and stocks to decrease 229,000 barrels. 
  • US ethanol production of 1.073 million barrels per day is about 2.0% higher from about the same time a year ago, and running near a record (1.108 million/day).
  • Padd2 production was 985,000 barrels, up 4,000 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 23.259 million barrels are up 5.9% from four weeks ago and up 8.1% from a year ago.
  • Ethanol stocks were higher since mid-March 2017.  
  • Days of inventory of 21.5 compares to 20.3 a month ago and 20.7 during comparable period a year ago.
  • Weekly ending stocks of total gasoline were up 1.2 million barrels to 234.3 million barrels.
  • The net blender input of fuel ethanol was down 5,000 from the previous week at 943,000 bpd, slightly below its 4-week average of 944,000 bpd. 
  • Net production of finished reformulated and conventional motor gasoline with ethanol, decreased 49,000 to 9.328 million barrels, or 92.7 percent of the net production of all finished motor gasoline, up from up from 92.7 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 5.625 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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