Ethanol production declined 23,000 barrels per day to a 908 million-barrel-per-day average during the week ending July 17, 2020. Ethanol and DDGS output fell for the first time in 12 weeks. Production is 2.5 percent lower than the week prior and 13 percent below levels at this time last year. DDGS output fell 2,451 metric tons per day from last week’s average and is 13,960 MT below production from a year ago.
Gasoline supply declined 1.1 percent from the prior week and is 12 percent below 2019 levels for the same weekly period. Ethanol stocks declined four percent reaching a 4.5-year low of 19.8 million barrels. There were no ethanol imports during the past week. The decreased in ethanol ouput lowered corn demand by 341 thousand bushels per day. DDGS output moved with ethanol production, falling 2.5 percent for the week.
Ethanol output is…
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