News

Ethanol stocks rise as weekly production holds almost steady

U.S. ethanol stocks grew over the past week as demand slipped a little.

The U.S. Energy Information Administration says the domestic supply of 26.02 million barrels was up 139,000 on the week and 829,000 on the year.

Net inputs of ethanol purchased by refiners and blenders and the volume of gasoline supplied to the market both saw week-to-week declines.

The Renewable Fuels Association says ethanol exports averaged 139,000 barrels per day, falling 31,000 from the previous week, but rising 10,000 from a year ago.

Ethanol production averaged 1.017 million barrels per day, 8,000 more than the prior week, but 3,000 less than last year.

Iowa State University’s Center for Agricultural and Rural Development says the estimated operating margin for the typical Iowa plant remained firmly in positive territory.

The USDA’s updated corn for ethanol use guess is out May 12^th.