Ethanol production, supply up on year

U.S. ethanol production moved a little bit lower last week as the domestic supply got a little bit larger.

The U.S. Energy Information Administration says production averaged a four-week low at 914,000 barrels a day, a decrease of 12,000 on the week, but an increase of 33,000 on the year, when production was limited by demand concerns linked to the pandemic.

The Renewable Fuels Association says stocks of 20.22 million barrels were 109,000 above the previous week and 529,000 larger than this time last year.

Net inputs by refiners and blenders and the volume of gasoline supplied to the market also topped week ago and year ago levels.

The USDA says Midwest ethanol prices were lower last week.

The USDA’s next corn for ethanol use projection is out October 12th.

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