Ethanol July 1, 2020
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Started by metmike - July 1, 2020, 11:25 a.m.

metmike: Another bullish surprise (for corn) recently!

@kannbwx


U.S. #ethanol, week ended June 26:Output 900 KB/D, 14 wk high, -17% YOYStocks 20.2 MB, lowest since Jan. 6, 2017, -27% in 10 wks 

Implied use 1,024 KB/D, +9% on wk, comparable w/ prior years for the first time since MarchGas demand 8.56 MB/D, -0.5% on wk, -10% YOYImageImageImageImage

Ethanol demand seems to be (and has been) coming back faster than gasoline demand, but I wonder if the encouraging ethanol numbers might be in jeopardy as some states/cities are partially closing back down again because of a spike in covid cases.

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