Distillers Corn Oil Production – Average corn oil production drops sharply as ethanol production hits the brakes

According to the EIA’s Weekly Petroleum Status Report, ethanol production pulled back from last week’s all time high, dropping 5% to a 952,000 b/d average. Stocks continued to expand, increasing by 370,000 barrels this week. Gasoline demand also increased by 4% and ethanol imports averaged 36,000 b/d over the latest week after…