During the week ending Nov. 15, U.S. ethanol production averaged just over 1.0 million barrels per day (bpd), up less than 1 percent week over week and down about 1 percent YOY. Production has increased for seven consecutive weeks.
Weekly use by blenders and refiners fell to 929,000 bpd, down over 1 percent week over week but about the same YOY. During the first seven weeks of the market year, blending use has remained about the same YOY.
Despite rising production and stable inputs, ending stocks, at 20.5 million barrels, fell 2 percent below the prior week’s figure to a new two-year low. Stocks were down 10 percent YOY.