Ethanol & DDGS Production – Ethanol production at highest level in 5 months, stocks edge lower

According to the EIA’s Weekly Petroleum Status Report, ethanol production hit its highest level since late January. Production increased 11,000 barrels to 969,000 barrels per day. Inventories dropped 1.65% to 20.097 million barrels, while gasoline demand jumped 5% higher.  Ethanol imports held at zero for the fifth consecutive week. Increased ethanol demand…