US ethanol production rises

In Washington, US ethanol production averaged 857,000 barrels per day (b/d) — or 35.99 million gallons daily. That is up 14,000 b/d from the week before and tied for highest of the year. The four-week average for ethanol production stood at 853,000 b/d for an annualized rate of 13.08 billion gallons. Stocks of ethanol stood at 16.4 million barrels. That is a 2.5% decrease from last week and the lowest since at least the week ending 11/04/2011. Stocks dropped below a 20-day supply (based on average blender/refiner input.) For the fifth time in six weeks, imports of ethanol were zero b/d. Imports were unchanged from last week. Gasoline demand for the week averaged 350.3 million gallons daily. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.27% — the highest since the first week of the year. On the co-products side, ethanol producers were using 12.994 million bushels of corn to produce ethanol and 95,644 metric tons of livestock feed, 85,267 metric tons of which were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal. Additionally, ethanol producers were providing 4.46 million pounds of corn oil daily.