Average daily ethanol production fell slightly last week, to around 1.44 million barrels per day (bpd), a decrease from the previous week of 2 percent. This average is up 1 percent from this time last year. Use by blenders and refiners fell a touch, slipping 1 percent from last week, averaging 876,000 bpd. Ending stocks for the week of Feb. 23 rose slightly to 22.9 million barrels from 22.7 million barrels the week before.
On the industrial corn use side, ethanol producers used over 476,000 bushels in January (91 percent in dry milling), down 2 percent from December and up slightly from this month last year.
Exciting new technology, called TransFerm® Yield+, may allow fuel ethanol production facilities a yield gain of up to 4 percent. A development to keep an eye on, for sure.
Weekly ethanol ending stocks
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