Distillers Corn Oil Production – Ethanol production increases 2.8%, stocks drop

According to the EIA’s Weekly Petroleum Status Report, ethanol production gained back a good portion of the prior weeks decline, moving 25,000 barrels higher to 912,000 barrels per day. Inventories dropped as gasoline demand increased and ethanol imports held at zero for the week. The increase in production volume led to a higher demand for corn from the ethanol industry,…