U.S. ethanol production declined slightly the week of July 7, but was still 2.7% more than the same week last year and 1.0% above the five-year average for the week, according to the latest analysis by the Renewable Fuels Association. Ethanol stocks were reported at 22.658 million barrels, a jump of 398,000 from the week before, but a drop of 948,000 barrels on the year.

While there were zero ethanol imports recorded for the 31st consecutive, U.S. ethanol exports declined to an estimated 51,000 b/d (15.0 million gallons for the week), the lowest volume in nearly 2 years.