Ethanol Stocks Swell, Production Down

Dec 15, 2022

By John Perkins

Ongoing demand uncertainties and declining margins are contributing to a decline in ethanol demand.

The U.S. Energy Information Administration says production averaged 1.061 million barrels a day, down 16,000 on the week and 26,000 on the year.

Iowa State University’s Center for Agricultural and Rural Development reports margins for the average producer in Iowa fell to the lowest levels this year.

Another sign of slowing demand, stocks jumped 1.152 million barrels to 24.409 million, the largest supply since mid-April and 3.526 million above a year ago.

The Renewable Fuels Association says net inputs by ethanol refiners and blenders were up 3.7% from the previous week, but the volume of gasoline supplied to the market fell 1.2%.

Iowa State University’s Center for Agricultural and Rural Development reports margins for the average producer in Iowa fell to the lowest levels this year.

Another sign of slowing demand, stocks jumped 1.152 million barrels to 24.409 million, the largest supply since mid-April and 3.526 million above a year ago.

The Renewable Fuels Association says net inputs by ethanol refiners and blenders were up 3.7% from the previous week, but the volume of gasoline supplied to the market fell 1.2%.

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Video: Learning to Wrench From Dad the Hard Way

Harvest is a week out and the farm picked this week to fall apart. The truck needs a battery, the barn curtain's got a problem, and the corn and beans are telling us we're out of time to get it all fixed.

So it's a full day of wrenching. Tork supervises while I get the truck back running, then we're out at the hog barn where one rusted up part has the whole curtain system hung up. Ladder work, cable work, and a little dad-and-son disagreement about the right way to do it. We close it out walking the fields, shelling beans and checking corn, because whether everything's fixed or not, harvest starts when harvest starts.

Chapters: 00:00 Everything breaks the week before harvest 01:00 Tork supervises while I fix the truck 12:30 Out to the barn to find the curtain problem 14:30 One rusty part hung up the whole curtain 20:00 Running the curtain cable from the ladder 24:00 Walking the beans and corn before harvest 26:30 Wrapping up

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