Ethanol Blog
Rick Kment DTN Analyst

Wednesday 07/10/13

The Ethanol Inventory Roller Coaster Continues

Following strong losses in the ethanol supplies through the end of June, inventory levels rebounded significantly the first week of July. Even though the Independence Day holiday is expected to have helped to stimulate additional demand, growing production levels of ethanol over the last week has helped stopped the downward slide of inventory.

Ethanol production last week increased 2.2% with total production listed at 37 million gallons per day. Total inventory levels are listed at 659.4 million gallons will likely continue to adjust higher and lower through the upcoming weeks. A similar rebound in ethanol inventory levels developed the week of Memorial Day while the weeks previous to the holiday posted moderate to strong reductions.

There is growing uncertainty, given the sharp rally in energy prices and expected seasonal decline in demand about longer-term movement of inventory levels. Ethanol production remains higher than last year levels, but the volatility in the corn market is expected to also keep that level adjusting. This will likely keep both production levels and inventory moving in roller coaster fashion.

Rick Kment can be reached at rick.kment@telventdtn.com

Posted at 2:58PM CDT 07/10/13 by Rick Kment
Post a Blog Comment:
Your Comment:
DTN reserves the right to delete comments posted to any of our blogs and forums, for reasons including profanity, libel, irrelevant personal attacks and advertisements.
Blog Home Pages
April  2015
S M T W T F S
         1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30      
Subscribe to Ethanol Blog RSS
Recent Blog Posts
  • Argo, PNW Spot Ethanol Prices Nudge Higher in Thin Trade
  • An Economic Case for Ethanol
  • Spot Ethanol Gains at Argo, Steady in New York Harbor
  • Grains Council Works to Open Cuban Markets
  • Ethanol Production Sliding Lower
  • Spot Ethanol Advances After Bullish Weekly Supply Report
  • D6 RINs Extend Higher; Spot Ethanol Prices Flat
  • D6 RINs Edge Higher While Spot Ethanol Prices Ease
  • Corn Prices Remain Range Bound
  • DDGS Rise to Highest Level in Five Months
  • Spot Ethanol Prices Weaken Amid Sluggish Demand
  • Gasoline Stocks Change Direction
  • Spot Ethanol Prices Mostly Flat in Lackluster Trade
  • Spring Buying in the Air
  • DDG Prices Rise Slightly in Slow Week of Trade
  • Ethanol Drawing From Strong Gasoline Demand
  • Grains Council Targets Caribbean Markets
  • Spot Ethanol Prices Mixed in Thin Trade
  • April 1st Buying Frenzy on Supply Reductions
  • Bullish EIA Supply Report Spurs Rally for Ethanol Prices