Ethanol production breaks another record high

In Washington, Brownsfield Ag News reports ethanol production broke a new record last week at an average of 1.123 million barrels, up 32,000 bpd over the week prior. The corn harvest is wrapping up in key areas, making feedstock readily available for distillers. Even with favorable supply conditions, the crush margin eroded slightly but has stayed profitable for most. With record production, stocks rose by 288,000 barrels to 22.655 million barrels, 635,000 barrels higher than the same time last year.