Ethanol Stocks, Production Higher

NEW YORK (DTN) -- Domestic ethanol inventories rebounded from a 10-month low, rising during the week-ended Oct. 30 by 501,000 barrels (bbl), or 2.7%, to 18.774 million bbl while up 9.3% from a year ago, the U.S. Energy Information Administration said on Wednesday, Nov. 4.

Stock builds were reported in all the key regions with the exception of the Rocky Mountains, with most of supply increase taking place in the Midwest.

The report showed domestic ethanol production surged 25,000 barrels per day (bpd), or 2.6%, to 969,000 bpd while up 4.3% year-on-year. Ethanol imports amounted to 10,000 bpd last week.

Blender inputs, a gauge for ethanol demand, decreased 31,000 bpd, or 3.4%, to 915,000 bpd while up 40,000 bpd, or 4.3%, versus a year earlier.

EIA reports implied demand for gasoline fell 159,000 bpd during the week-ended Oct. 30 to 9.184 million bpd, although 0.2% higher than the same week a year ago.