Ethanol production, supply inch higher


Ethanol production, supply inch higher

U.S. ethanol production and stocks were both up slightly last week.

The U.S. Energy Information Administration says ethanol production last week averaged 931,000 barrels a day, up 4,000 from the previous week, but still down 107,000 from last year because of uncertainties about blending demand caused by COVID-19.

The Renewable Fuels Association says blending demand declined modestly for the second week in a row, even as the amount of gasoline supplied to the market shot 6.2% higher. Both measures of demand remain well below last year.

The domestic supply of 20.409 million barrels was 139,000 higher than the week before, but almost 2.573 million lower than a year ago because of the reduced rate of production.

The USDA’s next corn for ethanol use is out September 11th.