Inventories of Ethanol Climb to Highest Since 2020
By Kirk Maltais
U.S. stocks of ethanol rose as expected this week, hitting their
highest level since May 2020.
In its latest weekly report, the EIA said that for the week
ended Jan. 21, U.S. ethanol inventories totaled 24.48 million
barrels, up from 23.59 million barrels last week. It is the most
since May 2020, when inventories were assessed at 25.61 million
barrels. Analysts surveyed this week by Dow Jones had forecast
inventories to land between 23.7 million barrels and 24.49 million
Daily production fell for the week, dropping to 1.04 million
barrels per day. Analysts had forecast production of 1.01 million
barrels to 1.09 million barrels.
Corn futures trading on the Chicago Board of Trade are lower
this morning, following wheat down as traders use the stagnation of
news out of the Russia-Ukraine border as an opportunity to reap
recent profits. The most-active corn contract is down 0.4%
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
January 26, 2022 11:12 ET (16:12 GMT)
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