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Ethanol supply gets tighter

U.S. ethanol supplies declined again last week.

The U.S. Energy Information Administration says ethanol stocks were down 237,000 barrels to 20.2.77 million, the tightest supply since early 2017. Production was up for the ninth week in a row, gaining 26,000 barrels on the week at an average of 1.059 million barrels a day, with margins improving for some producers as the industry waits for the release of the 2020 Renewable Fuel Standard.

The USDA’s next corn for ethanol use estimate is out December 10th.

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