This chart does show that we did slip lower to 1.003 million barrels per day, and we need 1.017 per day. So, we are slightly below the level needed to reach the USDA forecast.

But do keep in mind seasonally April and May are relatively slow, and we tend to see increase production in the June/July timeframe.

At this point we believe that ethanol production is on track to reach USDA total, we may be able to exceed it with some good production this summer.

Currently after 7 months of the marketing year, a little over half, we are up 9.8% on ethanol production versus the year ago. USDA is projecting that corn use will be up 6.4%.