Distillers Corn Oil Production

According to the EIA’s Weekly Petroleum Status Report, ethanol production bounced 1.4% higher to 944,000 barrels per day (b/d) and stocks dropped 1.65% to 21.173 million barrels. The higher production increased the ethanol industry’s demand for corn, pushing it to 14.06 million bushels per day from 13.87 m/b, a 194,000 bushel a day increase from the prior week average.

Ethanol production over the past three months has averaged…