Ethanol production, stocks down on week
October 21, 2020 By John Perkins Filed Under: Corn, COVID-19, News, Renewable Energy, Renewable Fuels, USDA
U.S. ethanol production and stocks both declined last week.The U.S. Energy Information Administration says production averaged 913,000 barrels a day, down 24,000 on the week and 83,000 on the year as plants continue to cut back production because of concerns about blending demand caused by COVID-19.The Renewable Fuels Association says net blender inputs and the amount of gasoline supplied to the market also posted week to week declines and remain well below a year ago.Stocks tightened by 287,000 barrels to 19.721 million, which is 1.643 million barrels below last year and close to a four-year low because of reduced production.The Renewable Fuels Association says there were no ethanol imports recorded last week.The USDA’s next corn for ethanol use estimate is out November 10th.
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