News

Weekly ethanol production lowest since April

U.S. ethanol production hit multi-month lows last week.

The U.S. Energy Information Administration says production averaged 1.003 million barrels a day, down 20,000 on the week for the lowest average since early April, as the industry continues to struggle with margins and wait for details on President Trump’s biofuels policy reform package.

Stocks were up 739,00 barrels at 23.238 million.

The USDA’s next corn for ethanol use is out October 10th.