Jul 20^th Ethanol Run Rates up 0.9% From the Previous Week Jul ’18 Ethanol Production Down 0.2% MOM but up 4.5% YOY Through Three Weeks Jul 20^th Ethanol Stocks Down 0.5% From the Previous Week Jul 20^th Weekly Decline in Ethanol Stocks Greatest on the Gulf Coast Jul 20^th Total Ethanol Stocks Remain up 0.6% YOY, Gulf Coast Stocks up 12.9% Jul ’18 Ethanol Stocks up 0.3% MOM and 2.4% YOY Through Three Weeks Jul ’18 Ethanol Stocks-to-Production up 0.6% MOM, Down 1.9% YOY Through Three Weeks Jun ’18 Ethanol Exports are Projected to Rebound Slightly From the May Levels Jul 20^th Ethanol Imports Finished at Minimal Levels Jul 20^th Gasoline Sales Down 2.3% From the Previous Week Jul ’18 Gasoline Sales Down 0.7% MOM and 2.8% YOY Through Three Weeks Jul 20^th Gasoline Stocks-to-Consumption Down 1.0% Week-Over-Week but up 1.4% YOY Jul ’18 Ethanol Blend Rate Down 0.1% MOM but up 2.1% YOY Through Three Weeks