News
Ethanol production, supply grow
U.S. ethanol production and stocks both moved higher last week.
The U.S. Energy Information Administration says production averaged 991,000 barrels a day, up 22,000 on the week and 12,000 on the year.
Iowa State University’s Center for Agricultural and Resource Economics says producer margins are well below the late 2021 highs but remain in positive territory thanks to solid demand, even with corn prices close to multi-year highs.
The Renewable Fuels Association says net inputs by ethanol refiners and blenders hit a nineteen-week high for the largest share of the gasoline supply in almost a year.
Domestic ethanol stocks of 24.14 million barrels were an increase of 253,000 from the previous week and 4.747 million from a year ago.
The RFA says that there were no ethanol imports for the fifteenth week in a row.
There was a preliminary report released in February by various land grant universities that stated that corn based ethanol produced more carbon emissions than fossil fuel. This nation needs to wean us away from ethanol and restore some of the land used to produce corn back to native perennials to sequester carbon if we are to have any chance of mitigating climate damage.