Weekly Ethanol Production

One of the demands items that is close to USDA’s target and not likely to see major changes. Ethanol production this week came in at 1.013 mil barrels/day. That is 8.8% above the year ago level and the year-to-date total is 3.1%. That is below USDA’s estimate of 4.1% but if we look at last year’s numbers compared to what we expect this year in the final 3-4 weeks we should be able to come in very close to USDA’s target.