Distillers Corn Oil Production – Ethanol production down, imports cease (again), stocks move lower

According to the EIA’s Weekly Petroleum Status Report, ethanol production fell 34,000 barrels to 887,000 barrels per day (b/d), marking its lowest weekly production rate in 6½ months. Stocks were basically unchanged, as lower gasoline demand offset the decline in production. Ethanol stocks drifted 35,000 barrels lower to 20.762 million barrels. Lower production…