US: Ethanol production fell to 1.089 million barrels per day last week.

Ethanol production in the United States in the week ending May 22 was 1.089 million barrels per day (bpd), up from 1.111 million bpd in the previous week, according to data reported Wednesday (28) by Energy Information Administration (EIA)The decline interrupted three consecutive weeks of growth. Biofuel inventories rose 0.4% last week, to 24,968 Millions of barrels, but still at their lowest level since January. The figures relating to ethanol production in the US are a an important indicator of domestic demand for corn.This is because the biofuel produced in the United States is manufactured primarily using grain as a raw material.

This text was translated by machine from Brazilian Portuguese.