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Ethanol production slipped a bit last week

Ethanol production in the U.S. last week averaged 841,000 barrels per day, down 30,000 barrels from the previous week and the lowest weekly output since the same week a year ago. Gasoline demand for the week averaged 376.5 million gallons per day so ethanol production equaled 9.38 percent of daily gasoline demand.

During the average day last week ethanol producers used 12.75 million bushels of corn and produced 94,913 metric tons of distiller’s grains and corn gluten along with 3.64 million pounds of corn oil.