Ethanol & DDGS Production – Daily DDGS output decreases as ethanol production eases

According to the EIA’s Weekly Petroleum Status Report, ethanol production fell by 7,000 barrels per day to a 987,000 b/d average. Despite a sharp drop in gasoline demand, ethanol stocks moved lower.  Ethanol imports remained at zero for the tenth straight week. Lower ethanol production decreased corn demand by 104,000 bushels to 14.62 million bushels per day, which…