Ethanol production falls 25,000 b/d as peripheral production begins to shut down

In Washington, Platts reports that ethanol production fell by 25,000 b/d last week to 1.042 million b/d, down around 3% on the year, according to data from the Energy Information Administration. Thin and even negative margins are the likely driver for cutting production with plants outside the Corn Belt already beginning to shut down. The market is waiting for plants within the key production area to shut down as well, which would then demonstrate the start to a shift in the direction of the market.