EIA: Ethanol Stocks Off Multi Yr Low, Post 1st Gain in 11
7/08 10:45 AM
EIA: Ethanol Stocks Off Multi Yr Low, Post 1st Gain in 11 Wks OAKHURST, N.J. (DTN) -- Ethanol inventory in the United States moved off the lowest level since the first week of January 2017, rising for the first time in 11 weeks during the week ended July 3, according to the Energy Information Administration At 20.620 million bbl, domestic ethanol stocks rose 456,000 bbl week on week but were at a 10.4% year-over-year supply deficit. The gain came though blending activity, which rose 2.5% on the week, with the EIA reporting a 21,000 bpd increase in net refiner and blender ethanol inputs to 850,000 bpd. Blending activity during the four weeks ended July 3 averaged 825,000 bpd, 121,000 bpd below the comparable year-ago period. Ethanol plant production continued higher, up 14,000 bpd in the week profiled to 914,000 bpd while down 133,000 bpd or 12.7% against year ago. Four-week average output is down 183,000 bpd against year ago at 887,000 bpd. (c) Copyright 2020 DTN, LLC. All rights reserved.
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