Fuel Ethanol production is up 10.9% on the 4-week average vs this time Last year.. 911 k bpd vs 822 k bpd.

http://www.eia.gov/petroleum/supply/weekly/pdf/table1.pdf

While stocks hoover near the lows since the EIA started tracking.. at 15,083 k bbls

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPOOXE_SAE_NUS_MBBL&f=W


All the while ethanol is becoming more competitive vs gasoline.



http://www.eia.gov/todayinenergy/detail.cfm?id=13031

and hence we are seeing a little rally on the CME.. with futures up about 25% in the past couple of weeks.


Are the reports of ethanol's demise premature..??   

We only need to average about 890 k bpd to hit USDA's ethanol grind for the year..

"anywho.. have a great weekend."