Market Activity

Trading was fairly quiet today with few changes reported.

Ethanol production was up 5% this week at an estimated 1.051 mil bbl/day. DCO production is estimated at 9.3 mil lbs/day. Both production levels are the highest since the week ending Nov 30^th. November through the first half of December averaged 1.055 million bbl/day. There are plenty of anecdotes about slower run times from the ethanol plants, but EIA data shows a return to late 2018…