Weekly Ethanol Production

Ethanol production slipped down to 986 barrels/day. That is the lowest level going back to mid-May and was seen as somewhat disappointing for corn prices today. With 3 weeks left in the marketing year our year-to-date ethanol production is up 3.2%. USDA projecting it’ll be up 4.1%. It’s likely USDA will leave its ethanol estimate unchanged in this report and wait for the final numbers and any minor adjustments in the September report.