US: Ethanol production fell to 1.090 million barrels per day last week.

Ethanol production in the United States in the week ending June 19 was 1.090 million barrels per day (bpd), a volume slightly below that recorded in the previous week (1.102 million barrels), according to data reported this Wednesday (24) by Energy Information Administration (EIA)Meanwhile, biofuel inventories showed a slight increase of 0.45%, to 24.585 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.