New data has been released from the Energy Information Administration (EIA) regarding ethanol production data that averaged 796,000 barrels per day (d/d) or 33.43 million gallons daily. This is down 6,000 b/d from the previous week. The four week average ethanol production is 819,000 b/d for an annualized rate of 12.55 billion gallons.
Gasoline demand for last week averaged 363.7 million gallons per day while ethanol stocks remained at 19 million barrels. Ethanol production represented 9.19 percent of daily gasoline demand. Year-to-date U.S. ethanol export data implies annualized export demand of approximately 900 million gallons.
Ethanol producers used 12.069 million bushels of corn to produce ethanol and 88,836 metric tons of livestock feed of which 79,198 metric tons were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal. In addition, ethanol producers were providing 4.15 million pounds of corn oil daily.