Ethanol & DDGS Production – Ethanol production and stocks decline, margins improve

According to the EIA’s Weekly Petroleum Status Report, ethanol production fell 1.7% to 936,000 barrels per day (b/d). Stocks also moved lower despite gasoline demand dropping nearly 9% from last week. Ethanol stocks dropped 64,000 barrels 20.483 million barrels. The lower production decreased the ethanol industry’s demand for corn, dropping it to 13.94 million bushels per…