March 27, 2017

Weekly Ethanol Production 3-22-2017

March 22nd, 2017

Another stellar week for ethanol production. This week’s run was 1.044 million barrels per day. That was slightly off the 1.045 from last week. You should expect a dropoff in production into April. That will be normal.

Today’s number was 4.9% over last year. Our year to date pace is 5.0% over last year. USDA’s goal in corn for ethanol is a 3.4% increase.

Plants are still operating in the red. Ethanol prices fell in December from the concern over a change to biofuels policy and never recovered. It is not a hard enough loss to discourage production.

USDA needs to increase their corn for ethanol goal one more time yet. We suggest that will offset the lower feed/residual that they still need to do.

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