US: Ethanol production advanced to 1.117 million barrels per day (bpd) last week.

Ethanol production in the United States in the week ending June 26 was 1.117 million barrels per day (bpd), a volume slightly higher than that recorded in the previous week (1.090 million barrels), according to data reported this Wednesday (July 1st) by Energy Information Administration (EIA)Meanwhile, biofuel inventories showed a slight increase of 0.42%, to 24.690 million barrels. 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.