Ethanol production hits new record high

In Washington, Dow Jones reports Energy Information Administration data shows ethanol production hit a new record last week at an average of 1.113 million barrels per day, up from the previous record set in July at 1.109 million bpd. As a results, stocks grew slightly to 22.04 million barrels. Crush margins continue to remain strong with corn prices falling further on uncertanty following Trump’s relection as president that has stirred fears about possible trade wars.