Ethanol production recedes from record levels last week

In Washington, Brownfield Ag News reports Energy Information Administration data shows ethanol has fallen back from its record highs to 1.109 million barrels per day, down 11,000 bpd compared the week prior when the record was set. With the slight tapering off of production volumes, margins are estimated to remain positive and steady against the previous week. Stocks rose to 24.12 million barrels while exports continued to grow as well at 163,000 barrels per day.