Falling Ethanol Stocks May be Supportive For Increased DDGS Output

Weekly ethanol production held steady while ethanol stocks narrowed in the latest EIA report.  DDGS output remained constant with ethanol output holding at a 941 thousand-barrel-per-day average during the week ending April 16, 2021.  Analysts had been expecting production to climb by 20,000 barrels per day for the week. Weekly ethanol output was 67 percent over levels seen at this time last year. DDGS output was unchanged from last week but 35,951 MT’s per day over production from a year ago. 

Gasoline supply increased 1.8 percent and was 71 percent over 2020 levels for the same period. Ethanol stocks declined fractionally to 20.45 million barrels and were 26 percent lower than a year ago. Analysts had been expecting stocks to decline to a level anywhere…