U.S. Ethanol Production Hits Pandemic High
By Kirk Maltais
U.S. ethanol production has again jumped this week, bringing the
daily production rate to its highest level since before the
In its latest weekly report, the EIA said that U.S. daily
ethanol production through Oct. 15 hit a rate of 1.1 million
barrels per day, up from 1.03 million barrels per day reported last
week. The uptick is more than anticipated by analysts surveyed by
Dow Jones, who estimated production to be anywhere from 970,000
barrels per day to 1.06 million barrels per day.
It is the highest daily ethanol production has been since June
2019, prior to the beginning of the Covid-19 pandemic.
Meanwhile, U.S. ethanol inventories also grew, with inventories
through Oct. 15 reported at 20.08 million barrels, the highest in
three weeks. It is slightly higher than anticipated by analysts
Corn futures trading on the Chicago Board of Trade are higher
today, with the most-active contract up 0.3% to just above $5.32
per bushel this morning.
To see related data, search "U.S. DOE Oil Data: PADD Breakdown"
in Dow Jones NewsPlus.
Write to Kirk Maltais at firstname.lastname@example.org
(END) Dow Jones Newswires
October 20, 2021 11:23 ET (15:23 GMT)
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