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Ethanol production up on week, supply tightens
The U.S. Energy Information Administration says ethanol production last week averaged 1.06 million barrels a day, up 21,000 on the week and 98,000 on the year.
Iowa State University’s Center for Agricultural and Rural Development says ethanol margins dipped a little but remained in positive territory.
The USDA says Midwest ethanol prices last week were steady to higher.
Ethanol stocks of 20.081 million barrels were 205,000 below the previous week and 2.869 million under a year ago.
The USDA’s next corn for ethanol use estimate is out December 9th.
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