News

Weekly ethanol production, stocks slightly higher

U.S. ethanol production and stocks were up modestly last week.

The U.S. Energy Information Administration says production averaged 1.048 million barrels a day, up 6,000 on the week, as the industry continues to wait for potential changes to the biofuel mandate and implementation of year-round E15 use.

Stocks were up 139,000 barrels on the week at 2.93 million.

The USDA expects record corn for ethanol use this marketing year.