EIA: Ethanol Stocks Edge Up

OAKHURST, N.J. (DTN) -- Domestic ethanol stocks edged up slightly last week as production continued higher, rising to the highest level since late December, according to Energy Information Administration data released Wednesday, June 27.

EIA reports ethanol inventories added 27,000 barrels (bbl) to 21.674 million bbl during the week profiled, down 0.5% versus the same week in 2017.

East Coast PADD 1 supply gained 40,000 bbl to 7.064 million bbl the prior week, a 9.0% year-over-year supply deficit.

Midwest PADD 2 ethanol supply fell 115,000 bbl to 7.545 million bbl during the week-ended June 22, 1.4% higher than the same week in 2017.

At the Gulf Coast PADD 3, stockpiles increased 189,000 bbl to 4.620 million bbl, a 21.1% year-over-year supply surplus. Data showed PADD V West Coast supply fell to 2.105 million bbl from 2.193 million bbl a week earlier.

Plant production rose 8,000 barrels per day (bpd) to 1.072 million bpd during the week-ended June 22, the highest level since the week-ended Dec. 22, 2017, at 1.090 million bpd and 5.6% higher than the same time in 2017. Four-week average production at 1.057 million bpd as of June 22 was 55,000 bpd higher than the corresponding four weeks in 2017.

Net refiner and blender inputs, a measure for ethanol demand, increased 12,000 bpd to 947,000 bpd during the week-ended June 22, 14,000 bpd lower than a year ago. For the four weeks ended June 22, blending demand averaged 932,000 bpd, down 4,000 bpd versus the same period in 2017.