Please click on the below link to download the FI US Ethanol Report for 06/20/18
US weekly ethanol production increased 11,000 barrels per day to 1.064 million, and stocks declined a large 527,000 barrels to 21.647 million barrels. A Bloomberg survey was looking for a decrease in production and small decrease in stocks.
Weekly production is about 7.5% above this time a year ago and stocks are 2.8% lower.
Crop-year to date ethanol production (Sep-Jun 15) is running 2.5% above a year ago.
Days of inventory are running at 20.8, versus 20.9 last month and 22.8 a year ago.
Total ethanol blended into finished motor gasoline was running at 92.8%, slightly down from the previous week.
We are using 5.585 billion bushels for corn for ethanol usage, 10 million above USDA.
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