Stock of fuel ethanol declined significantly down to 23.8 million barrels.
That brings us much more in line with a seasonal tendency for ethanol stocks compared to the record large stocks in December.
Ethanol production was up from last week and stocks were down from last week, generally considered lightly supportive.
Ethanol production did improve significantly from last week’s disastrous number at 844 coming in at 933.
That’s still well below the level needed to reach the USDA export forecast.
Due to a slow start to the ethanol grinding season and a slow 3 weeks here with the holidays, it is possible USDA could lower corn use for ethanol.
Stocks of fuel ethanol declined from last week to 24.067 million barrels.
We are still at record level for stocks at this time of year.
Ethanol production dropped sharply from last week to 1.029 million barrels per day.
The good news is that’s slightly above the level needed to reach the current USDA forecast.
Year to date production is down 2.8% from last year, USDA is projecting corn use for ethanol will be down 1%.
Stocks were up slightly from last week and near record large for late November.
There is certainly no shortage of fuel ethanol with stocks currently 13% above the level they were at a year ago.
Production was down form last week to 1.018 million barrels.
That’s virtually right on the level needed to reach USDA’s current forecast.
Year to date ethanol production is down 3%, USDA is estimating it to be down 1%.
Fuel ethanol stocks exploded to the upside being up 7% from last week to 22.831 millionaires.
That’s not only 13% above the year ago, but its near record large for this time of year.
Ethanol production improved to 1.041 million barrels per day.
That above the level needed to reach USDA’s forecast but its still below the year ago level.
Year to date is down 3.1% from last year, USDA is estimating that corn use will be down 1% this year.