Weekly U.S. Ethanol Production Plunge Last Week
The US weekly average ethanol production plunged 22% during the polar vortex of the Jan 12-19 period in the US, twice as large as expected.
This week’s US pace was lower than last year’s 2 lowest rates during 2022/23. This might be the lowest weekly pace since the Covid year of 2020.
Despite the drop in output, the US ethanol stocks were reported at 25.815 million barrels, a 0.5% increase.
The cold weather must have frozen up both the trains and plant workers it seems.
A bounce back is expected ahead for output and drop in stocks.
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