Ethanol Stocks Hit Record High

Source: By DTN/Progressive Farmer • Posted: Thursday, January 25, 2018

NEW YORK (DTN) — The Energy Information Administration showed in supply data released Wednesday, Jan. 24, a buildup in U.S. ethanol stocks continued last week, reporting a 1.1 million barrel (bbl), or 4.8%, spike in domestic inventory for the week-ended Jan. 19 to a record high of 23.8 million bbl.

The increase was the fourth straight weekly stock build, with inventory 2.1 million bbl, or 9.7%, higher than year ago.

Domestic plant production was little changed, up 1,000 barrels per day (bpd) to 1.062 million bpd last week. Compared with a year ago, plant output was up 11,000 bpd, or 1.0%. For the four weeks ended Jan. 19, production averaged 1.038 million bpd, down 11,000 bpd, or 1.1%, versus year ago.Net refiner and blender inputs, a measure for ethanol demand, dropped 30,000 bpd, or 3.5%, last week to 826,000 bpd. Compared to a year ago, blending demand was down 7,000 bpd, or 0.8%. For the four-week period ended Jan. 19, blending demand averaged 833,000 bpd, up 2,000 bpd versus a year ago.