According to EIA data analyzed by the Renewable Fuels Association for the week ending July 15, ethanol production stepped up by 2.9% to 1.034 million b/d, equivalent to 43.43 million gallons daily. Production was 0.6% more than the same week last year and 2.2% above the five-year average for the week. The four-week average ethanol production volume decreased 0.6% to 1.033 million b/d, equivalent to an annualized rate of 15.84 billion gallons (bg).

Ethanol stocks ticked down 0.2% to 23.6 million barrels. Stocks were 4.6% higher than a year ago and 7.9% above the five-year average. Inventories thinned across all regions except the East Coast (PADD 1) and West Coast (PADD 5).

The volume of gasoline supplied to the U.S. market, a measure of implied demand, rebounded by 5.7% to 8.52 million b/d (130.63 bg annualized). However, demand was 8.3% less than a year ago and 9.7% below the five-year average.

Refiner/blender net inputs of ethanol remained level with the prior week at 887,000 b/d, equivalent to 13.60 bg annualized. Net inputs were 2.2% less than a year ago and 3.1% below the five-year average.

There were no imports of ethanol for the ninth consecutive week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of May 2022.)

By Tucker Allmer - The BARN

Tucker Allmer & the BARN are members of the National Association of Farm Broadcasting (NAFB), the Colorado FFA Foundation, the Colorado 4H Foundation, the Colorado Farm Show Marketing Committee, 1867 Club Board Member, Denver Ag & Livestock Club Member, the Weld County Fair Board, the Briggsdale FFA Advisory Council, Briggsdale 4H Club Beef Leader & Founder / Coordinator of the Briggsdale Classic Open Jackpot Show.