U.S. Ethanol Stocks Extend Climb
By Kirk Maltais
Inventories of U.S. ethanol rose for the fifth consecutive week,
according to government data - with the uptick exceeding estimates
In a weekly report from the U.S. Energy Information
Administration, U.S. ethanol inventories rose 518,000 barrels to
21.1 million barrels per day for the week ended June 18. Analysts
surveyed by Dow Jones this week had forecast stocks to rise to
anywhere between 20.65 million barrels and 21 million barrels.
Production also rose, slightly exceeding analyst expectations.
Production hit a rate of 1.048 million barrels per day this week,
up 23,000 barrels per day from last week. Traders had expected
production to be anywhere from 1.025 million barrels to 1.045
In trading Wednesday, most-active corn futures on the Chicago
Board of Trade are up, trading 0.5% higher at $6.63 per bushel.
To see related data, search "U.S. DOE Oil Data: PADD Breakdown"
in Dow Jones NewsPlus.
Write to Kirk Maltais at email@example.com
(END) Dow Jones Newswires
June 23, 2021 11:05 ET (15:05 GMT)
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