May 25, 2017

Weekly Ethanol Production 5-24-2017

May 24th, 2017

Today’s ethanol production report was another win for corn.

Though production fell from 1.027 million barrels per day in the previous week to now 1.010 million we call this a clear success. The previous week’s large number was 8.3% over last year. Today’s number, though lower, is a full 6.8% over last year. Both of these numbers are clearly over where we need to be. The year to date pace, since the start of the marketing year on September 1, is 5.2% over last year. USDA’s whole-year goal in corn for ethanol is for a 4.3% increase.

Ethanol stocks are 9% over last year and margins are still a little weak. We don’t see any real problems from these two factors at this time.

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