Enjoy a limited number of Premium DTN articles each month.

You have 4 Premium DTN articles remaining.
To view unlimited premium content, plus access to tools & strategies, subscribe to MyDTN™, or register as a free Community Member to get 10 articles per month.

EIA: Ethanol Stockpiles Build

NEW YORK (DTN) -- The U.S. Energy Information Administration reported Wednesday total ethanol stockpiles rose last week for the fifth-consecutive week to a nine-month high even as blending demand surged to a six-week high. Ethanol plant production edged off a record high.

EIA's weekly petroleum status report showed domestic fuel ethanol inventories increased last week by 200,000 barrels to 22.1 million bbl. It is the highest level since the week-ended April 29, 2016, although supply is down 900,000 bbl or 3.8% against the comparable week a year ago.

The inventory building coincides with strong domestic plant production, which edged down 6,000 barrels per day to 1.055 million bpd from a record high during the week-ended Feb. 3. For the four weeks ended Feb. 3, ethanol production averaged 1.055 bpd, 87,000 bpd or 9% above the output rate during the corresponding period in 2016.

Net refiner and blender inputs of ethanol- a measure for demand- surged 38,000 bpd or 4.5% to 875,000 bpd during the week-ended Feb. 3. It is the highest blend rate since the week-ended Dec. 23. On a year-over-year basis, refiner and blender inputs are up 17,000 bpd or 2%, although the four-week average at 846,000 bpd is flat, down 2,000 bpd, against the prior year.

(TN)

Top
We've detected that you are using an unsupported browser. Not all features of DTN / The Progressive Farmer may function as expected.

Recommended Browsers:

  • Internet Explorer 10 or above
  • Chrome
  • Firefox
  • Safari
  • iPad 2 or above
  • iPhone 4 or above
Join the community! Registration is FREE. As a member of the DTNPF online community you can contribute to discussions, save your settings, get exclusive email alerts and access to special online sections, and read e-newsletters.

Please correct the following errors and try again:

e.g. 68114 (US) or Y0B 1G0 (Canada)
e.g., 402-390-2328
8-32 characters, include one number (0-9) and one letter (a-z)
By clicking Create Account, you agree to our Terms of Service
Cancel
Telvent DTN, LLC • 9110 West Dodge Road • Omaha, NE 68114