Ethanol & DDGS Production – Ethanol production edges higher and stocks fall, as gasoline demand rises

According to the EIA’s Weekly Petroleum Status Report, ethanol production increased 0.31% to 964,000 barrels per day (b/d), which was enough to push production to its 11^th highest weekly level on record. The rise in production expanded the ethanol industry’s demand for corn to 14.36 million bushels per day, a 45,000 bushel a day increase from the…