News

Ethanol production, supplies down on week

Weekly ethanol production and stocks both declined during the week of Christmas.

The U.S. Energy Information Administration says ethanol production averaged 1.066 million barrels a day, down 17,000 on the week, but the Renewable Fuels Association says the four-week average improved slightly, up 0.1% to 1.071 million barrels a day.

Stocks hit a one-month low at 21.034 million barrels, down 435,000 on the week and 2.128 million on the year.

The USDA’s next corn for ethanol use estimate is out Friday, January 10th at Noon Eastern/11 AM Central.