News

Ethanol production, supply up on week

U.S. ethanol production rose again last week.

The U.S. Energy Information Administration says production averaged 914,000 barrels a day, up 14,000 on the week, but still 133,000 barrels below a year ago as blending demand concerns persist.

DTN says ethanol margins have improved in some areas with spot prices at their highest level since February.

Ethanol stocks were up for the first time in 11 weeks at 20.620 million barrels, climbing more than 456,000 barrels from the previous week but 2.389 million less than a year ago.

The Renewable Fuels Association says 10.58 million barrels of ethanol were imported to the West Coast last week, the first recorded imports since early March.

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