U.S. Ethanol Production and Stocks Shrink
By Kirk Maltais
Daily production and inventories of U.S. ethanol fell back in
the past week, according to data from the EIA.
In its weekly report released Wednesday, the EIA said that daily
production of ethanol for the week ended July 30 fell 1,000 barrels
per day to 1.013 million barrels per day. It's the lowest daily
ethanol production has been since late May.
Meanwhile, inventories also declined, falling 84,000 barrels to
22.65 million barrels.
Analysts surveyed by Dow Jones this week had forecast production
to total anywhere from 1 million barrels per day to 1.03 million
barrels per day. For stocks, analysts had forecasted them to rise
to as high as 22.93 million barrels.
Corn futures trading on the Chicago Board of Trade are down 0.4%
today to below $5.50 per bushel.
To see related data, search "U.S. DOE Oil Data: PADD Breakdown"
in Dow Jones NewsPlus.
Write to Kirk Maltais at firstname.lastname@example.org
(END) Dow Jones Newswires
August 04, 2021 11:08 ET (15:08 GMT)
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