DDGS Output Expands with Increased Gasoline Demand

Ethanol production increased 50,000 barrels per day to a 958 million-barrel-per-day average during the week ending July 24, 2020.  Ethanol and DDGS rebounded after last week’s decline, reaching an 18-week high. Production increased 5.5 percent over last week’s output but was seven percent below levels at this time last year. DDGS output increased 4,755 metric tons per day from last week but is 6,943 MT below production from a year ago. 

Gasoline supply climbed three percent from the prior week but is eight percent below 2019 levels for the same weekly period. Ethanol stocks increased 2.4 percent, pushing back above the 20-million-barrel level. Ethanol imports resumed for the first time in three weeks with 7.9 million gallons arriving on the West Coast. The increase in ethanol output raised corn demand by 741 thousand bushels per day. DDGS output moved with ethanol production, rising…