Daily Ethanol Production Slides
June 29 2022 - 11:29AM
Dow Jones News
By Kirk Maltais
Daily ethanol production in the U.S. has inched lower over the
past two weeks, although it fell within the outlook of analysts
surveyed by Dow Jones.
In its latest weekly report, the EIA said that U.S. ethanol
daily production fell to 1.055 million barrels per day for the week
ended June 17, and fell to 1.051 million barrels per day for the
week ended June 24. This week's figure falls within the range of
production forecast by analysts, who had predicted production to
land anywhere from 1.024 million barrels per day to 1.075 million
barrels per day.
Data for the week ended June 17 had been scheduled to be
released last Thursday but wasn't. The EIA attributed the missed
release date to system issues.
Ethanol inventories fell back this week, after turning higher in
the previous week. The EIA reports that ethanol stocks totaled 22.7
million barrels for the week ended June 24, down from 23.48 million
barrels last week. For this week, analysts had forecast stocks to
land between 22.85 million barrels to 23.6 million barrels.
Corn futures on the CBOT are lower in trading today, with the
most-active corn contract down 0.3% to $6.57 per bushel.
To see related data, search "U.S. DOE Oil Data: PADD Breakdown"
in Dow Jones NewsPlus.
Write to Kirk Maltais at kirk.maltais@wsj.com
(END) Dow Jones Newswires
June 29, 2022 11:14 ET (15:14 GMT)
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