News
Weekly ethanol production hits three month high
U.S. ethanol production surged last week.
The U.S. Energy Information Administration says production averaged 1.048 million barrels a day, up 31,000 on the week, for the highest weekly average since mid-January. The industry continues to watch margins, monitor the comment period on year-round E15 use, and wait to see what role ethanol plays in proposed trade deals.
Stocks rebounded from the previous week’s multi-month lows, up 71,000 barrels at 22.747 million.
The USDA expects for corn ethanol use this marketing year to be 5.5 billion bushels, with the next estimate out May 10th.
Add Comment