-Ethanol production declines notably to 10-week low
-Production below corn demand “needed” pace first time in nine weeks
-Ethanol stocks rise continues – maintain same-week record status
NOTE: Due to travel schedules, this week’s post only contains our usual set of charts detailing the EIA’s weekly ethanol data. Production declined to a 10-week low, while falling below the average “needed” pace to reach the USDA’s annual corn for ethanol usage estimate for the first time in nine weeks, while stocks rose again for the 9th consecutive week and are record high on a same-week basis.
