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Flooding affects ethanol production

The U.S. Energy Information Administration’s weekly ethanol numbers reflect the impact of recent flooding. The flooding limited the intake of corn into many plants, especially in Iowa, Nebraska, and South Dakota, with some plants either cutting back hours or idling production entirely during the event.

Stocks were up 36,000 barrels at a record 24.448 million, even as last week’s production dropped 29,000 barrels to an average of 975,000 per day, the lowest weekly average since early February.

The industry is waiting for the results of the comment period on year-round E15 use and whether or not China is interested in purchasing U.S. ethanol.

The Renewable Fuels Association says January ethanol exports were 127.9 million gallons, down 8.5% on the month, but up sharply on the year.

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