US: Ethanol production fell to 1.093 million barrels per day last week.

Ethanol production in the United States in the week ending June 26 was 1.093 million barrels per day (bpd), a volume slightly below that recorded in the previous week (1.117 million barrels), according to data reported this Wednesday (8) by Energy Information Administration (EIA)Biofuel inventories fell 3.1% to 23.928 million barrels, the lowest level since the first week of January this year. 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.