Ethanol Inventories Continue to Rise

EIA: US Ethanol Output Falls for First Time in 6 Weeks, Down 6.1%

OAKHURST, N.J. (DTN) -- Domestic ethanol inventories continued to the upside during the first week of November, though production retreated for the first time in over a month, moving off a near four-year high, the latest Energy Information Administration data show.

Overall production declined for the first time in six weeks, down 68,000 barrels per day (bpd) to 1.039 million bpd, 6.3% above the same week in 2020.

Midwest PADD 2 plant production moved off a record high, down 69,000 bpd or 6.6% to 928,000 bpd, 5.9% higher than output during the corresponding week last year.

Total ethanol inventories added 157,000 barrels (bbl) to a nine-week-high 20.286 million bbl as of Nov. 5, 0.5% above stocks on-hand during this time last year.

East Coast PADD 1 ethanol inventories rose for the first time in three weeks, edging up 12,000 bbl to 5.776 million bbl while Midwest PADD 2 stocks rose a second week, up 202,000 bbl to 7.887 million bbl.

West Coast PADD 5 supply continued lower, down 18,000 bbl to 2.804 million bbl and data show Gulf Coast PADD 3 stocks fell 79,000 bbl to 3.436 million bbl.

Blending activity fell again, down 9,000 bpd to 893,000 bpd, 7.1% above the same time in 2020. Blending activity during the four weeks ended Nov. 5 averaged 902,000 bpd versus 840,000 bpd during the same four weeks in 2020.

Midwest blending was again lower, down 1,000 bpd in the week under review while at the Gulf Coast demand was unchanged on the week. For the four weeks ended Nov. 5, EIA data show PADD 2 blending activity was at 241,000 bpd while PADD 3 activity was 153,000 bpd.