Ethanol production drops, supply up sharply


Ethanol production drops, supply up sharply

Ethanol production hit a six and a half year low last week, the first week truly reflecting the impact of COVID-19 related stay at home and social distancing orders on the industry.

The U.S. Energy Information Administration says production averaged 840,000 barrels a day, a drop of 165,000 on the week, the largest weekly decline on record.

The slowing demand for blending pushed stocks to a record high of 25.707 million barrels, a week to week increase of more 1.577 million barrels.

The USDA’s next corn for ethanol use estimate is currently scheduled for April 9th.

Email this to someone


Share on Facebook


Tweet about this on Twitter


Print this page