Ethanol production up, blending demand down in the US
In the US, ethanol production for the week before last averaged 931,000 barrels per day, 39.10 million gallons daily, up 4000 b/d from the week before. The four-week average for ethanol production stood at 923,000 b/d for an annualized rate of 14.15 billion gallons according to Biomass digest.
Gasoline demand for the week averaged 365.7 million gallons daily. Refiner/blender input of ethanol hit a 19-week low. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.69%, down slightly from a week earlier.
On the co-products side, ethanol producers were using 14.116 million bushels of corn to produce ethanol and 103,275 metric tons of livestock feed, 92,003 metric tons of which were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal. Additionally, ethanol producers were providing 5.48 million pounds of corn distillers oil daily.