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Ethanol production hits all-time high

Ethanol production has hit a new all-time record.

During the week of November 21st, ethanol production advanced 1.2 percent to 982-thousand barrels a day.  According to the Renewable Fuels Association, that equates to 15.05 billion gallons on an annualized basis.

Despite the increased production, ethanol inventories actually dropped 1.5 percent, reflecting continued good demand for ethanol.

Photo courtesy The Andersons