US: Ethanol production fell to 1.040 million barrels per day last week.

Ethanol production in the United States in the week ending July 10 was 1.040 million barrels per day (bpd), a volume slightly below that recorded in the previous week (1.093 million barrels), according to data reported this Wednesday (8) by Energy Information Administration (EIA)Meanwhile, biofuel inventories rose 1.9% to 24.391 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.