US ethanol production at lowest level since February 2021 – Money Times

Daily production Ethanol to us America It fell more than analysts had expected, and was the slowest rate since February 2021.

In its latest weekly report, Published this Wednesday morning The Energy Information Administration (EIA) of the country Daily production was 901,000 barrels per day in the week ended September 16, compared with 963,000 barrels per day in the previous week.

It was the lowest since February 2021 at a record 849,000 barrels per day. For the report released this week, analysts consulted Dow Jones Newswires The decline was forecast, but production was expected between 946,000 barrels and 958,000 barrels per day.

Ethanol inventories fell to 22.5 million barrels from 22.8 million barrels a week earlier.

The drop was within analysts’ estimates, which had predicted a decline in inventories to 22.89 million barrels from 22 million barrels. Inventories fell for the fourth consecutive week.

Ethanol production figures in the United States are an indicator of domestic demand Corn. In the country, biofuels are mainly produced from grain and the local industry uses more than one-third of the domestic crop of grain.

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