Weekly Stocks of Fuel Ethanol

Fuel ethanol up to 20.446 mil barrels so a decent increase from last week but we’re still well below last year and really anywhere we’ve been over the past 4-5 years. One of the reasons our ethanol stocks have been declining to very low levels is because the U.S. has shipped almost 76 mil gallons of ethanol to China in the first quarter. That would be Jan, Feb, and Mar quarter. That’s the most ethanol shipped to China since 2016. The bottom line with today’s ethanol report is that numbers came fairly close to expectations and it was not a primary driver of price direction. Weather is the primary driver right now.