
Our chart that shows weekly ethanol production shows that its down slightly from last week at 1.036 million barrels per day.
But that’s still above the level needed that’s shown in the black line, so we are still on track to reach or exceed USDA’s current corn use estimate for the ethanol industry.
Year to date we are up 10.1% above the year ago level for ethanol production, USDA is estimating that corn use for ethanol production will be up 6.3% this year.
So, as we mentioned we are still ahead of pace to reach USDA’s target or even exceed their target.