The report shows production at 1.042mb per day, that’s the largest number going back to early February.

That 1.042 is also above the level that’s needed to reach USDA corn use estimate.

This week ethanol production at 1.042mb was 13% above the year ago level, which is shown in the red line, a year-to-date production is up 10.2% compared to USDA estimate that corn use for ethanol will be up only 6.3%.

So, we are above USDA target, and it does appear that we are on track to exceed USDA corn us estimate. That could contribute to lower stock over the next couple of months.