News

Ethanol production holds at high level

U.S ethanol production backed off from the recent record high, but the average held above a million barrels a day for the 13th week in a row.

The industry is expecting continued solid demand, processing margins are positive, and there’s plenty of corn available. The U.S. Energy Information Administration says production for the week ending January 20th averaged 1.051 barrels per day, down 3,000 from the previous week’s all-time high.

The recent high production has pushed domestic stocks to nine month highs at 21.728 million barrels.