Weekly Ethanol Production

Weekly ethanol production very disappointing at 905K barrels/day. That’s the lowest for the first week of Sept over the past 6 years. We’re hearing that ethanol plants are taking seasonal and maintenance downtime right now for two reasons. There’s not a lot of corn available and number two, what is available for the old crop is much higher priced and therefore many ethanol plants are waiting until new crops supplies become available.