OAKHURST, N.J. (DTN) -- Ethanol inventory in the United States rose 2.5% in the week ended July 24 from a more than 3 1/2-year low in the week prior as production jumped over 5% to an 18-week high while demand rose at a slower pace than in recent weeks, according to the Energy Information Administration data released Wednesday, July 29.
At 20.3 million barrels (bbl) as of July 24, domestic ethanol stocks rose 0.5 million bbl in the week but are at a 17.1% year-over-year supply deficit.
Blending activity continued higher in the week with EIA reporting a 14,000-barrel-per-day (bpd) rise in net refiner and blender ethanol inputs to 853,000 bpd. Blending activity during the four weeks ended July 24 averaged 840,000 bpd, about 100,000 bpd below the comparable year-ago period.
Ethanol plant production jumped 50,000 bpd in the week profiled to 958,000 bpd, the highest level since the week ended March 20 but down 73,000 bpd or 7.1% against a year ago. Four-week average output is down 118,000 bpd against a year ago at 928,000 bpd.
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