Ethanol & DDGS Production – Daily DDGS output drops by 2% as ethanol margins deteriorate

According to the EIA’s Weekly Petroleum Status Report, ethanol production fell by 20,000 barrels per day to a 983,000 b/d average. Decreased production did not slow stock growth though, as stocks climbed to their highest level since 2012, expanding by 595,000 barrels. Gasoline demand increased 7%, as consumers are enjoying the lower pump prices.  Ethanol imports…