Ethanol production hits record 1 million barrels per day production

In Washington, the Energy Information Agency says ethanol production hit a record 1 million barrels per day last week thanks to a huge corn harvest—the third highest on record—with producers going whole hog while prices are cheap and DDGS demand remains high. The figure is seen as a major milestone ahead of the EPA’s decision about blending mandates, indicating that all producers were running full tilt because of market forces and not because of policy mandates.