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April 19th, 2017
Ethanol production rose from 986,000 barrels per day to now 993,000. We have no problem with the sub-1 million barrel per day pace here as it is a seasonal factor. Today’s number was good news, 5.8% over last year. The year to date numbers are still good at 5.0% over last year. USDA’s corn for ethanol numbers call for a 4.3% year/year increase.
With USDA’s increases in corn for ethanol these past few months we suggest they are right where they need to be.
Margins are back in the black with the recent rebound in ethanol.Ethanol Production, Nelson's Notes | Comments Off on Weekly Ethanol Production 4-19-2017