U.S. Ethanol Inventories Turn Higher
01 Dezembro 2021 - 01:25PM
Dow Jones News
By Kirk Maltais
U.S. ethanol inventories climbed this week but daily production
fell, with both at the high end of analyst expectations.
In its latest weekly report, the EIA said that U.S. ethanol
inventories for the week ended Nov. 26 totaled 20.3 million
barrels, up over 135,000 barrels from the previous week. Analysts
surveyed by Dow Jones this week had forecast stocks to total
anywhere from 20.1 million barrels to 20.36 million barrels.
Daily production fell back for the week - with production down
44,000 barrels per day to 1.04 million barrels per day this week.
The total falls on the low end of analyst forecasts, with
expectations being anywhere from 1.04 million barrels to 1.09
million barrels per day.
Corn futures trading on the Chicago Board of Trade have been
down recently, partially due to weakness in crude oil futures. The
most-active corn contract is up Wednesday, however, trading 0.5%
higher to just over $5.70 a bushel.
To see related data, search "U.S. DOE Oil Data: PADD Breakdown"
in Dow Jones NewsPlus.
Write to Kirk Maltais at kirk.maltais@wsj.com
(END) Dow Jones Newswires
December 01, 2021 11:10 ET (16:10 GMT)
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