US ethanol production falls

In Washington, the Renewable Fuels Association advises that, according to EIA data, ethanol production averaged 824,000 barrels per day (b/d) – or 34.61 million gallons daily. That is down 11,000 b/d from the week before.  The four week average for ethanol production stood at 818,000 b/d for an annualized rate of 12.54 billion gallons. Stocks of ethanol stood at an even 20 million barrels. That is a 3.6% increase from last week and the highest level of stocks since the last week of June. Imports of ethanol showed 12,000 b/d, down significantly from last week. Gasoline demand for the week averaged 356.5 million gallons daily. On the co-products side, ethanol producers were using 12.494 million bushels of corn to produce ethanol and 91,961 metric tons of livestock feed, 81,984 metric tons of which were distillers grains.  Additionally, ethanol producers were providing 4.29 million pounds of corn oil daily.