US ethanol production rises to 857K barrels per day

In Washington, according to EIA data, ethanol production averaged 857,000 barrels per day (b/d) — or 35.99 million gallons daily. That is up 4,000 b/d from the week before and the highest rate of output this year. The four-week average for ethanol production stood at 849,000 b/d for an annualized rate of 13.02 billion gallons. Stocks of ethanol stood at 17.0 million barrels. That is a 3.2% decrease from last week and the lowest of the year. Gasoline demand for the week averaged 353.4 million gallons daily. 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.