US ethanol production dips, says EIA

In Washington, the EIA reports that weekly ethanol production averaged 843,000 barrels per day (b/d) — or 35.41 million gallons daily. That is down 14,000 b/d from the week before. The four-week average for ethanol production stood at 846,000 b/d for an annualized rate of 12.97 billion gallons. Stocks of ethanol stood at 16.8 million barrels. That is a 1.1% decrease from last week and the lowest in more than 18 months.

Imports of ethanol showed zero b/d, unchanged from last week. Gasoline demand for the week averaged 354.7 million gallons daily, up slightly from last week. Expressed as a percentage of daily gasoline demand, daily ethanol production was 9.98%. On the co-products side, ethanol producers were using 12.782 million bushels of corn to produce ethanol and 94,081 metric tons of livestock feed, 83,874 metric tons of which were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal. Additionally, ethanol producers were providing 4.39 million pounds of corn oil daily.