News
Daily average ethanol production lowest since June
U.S. ethanol production hit a multi-month low last week.
The U.S. Energy Information Administration says production averaged 906,000 barrels a day, down 20,000 on the week and 37,000 on the year, for the lowest weekly average since late June as the uncertainties about blending demand due to COVID-19 and some elements of federal renewable fuels policy continue to impact production.
The Renewable Fuels Association says two demand indicators had fractional week to week changes with the volume of gasoline supplied to the market a little higher and ethanol blender inputs a little lower.
The domestic supply was reported at 19.997 million barrels, an increase of 199,000 from the previous week, but a decrease of 2.503 million barrels from last year because of the slowdown in production.
The RFA says ethanol imports into the West Coast averaged 11,000 barrels a day, the seventh out of the last nine weeks with recorded imports.
The USDA’s next corn for ethanol use estimate is out October 9th.
