US: Ethanol production advanced to 1.111 million barrels per day (bpd) last week.

Ethanol production in the United States in the week ending May 15 was 1.111 million barrels per day (bpd), up from 1.082 million bpd in the previous week, according to data reported Wednesday (20) by Energy Information Administration (EIA)This was the third consecutive week of growth. Biofuel inventories rose marginally last week to 24.875 million barrels, but remain 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.