US: Ethanol production fell to 1.102 million barrels per day last week.

Ethanol production in the United States in the week ending June 12 was 1.102 million barrels per day (bpd), a volume slightly below that recorded in the previous week, according to data reported this Wednesday (17) by Energy Information Administration (EIA)Meanwhile, biofuel inventories remained stable with a slight increase (0.08%), reaching 24.474 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.