Home / Markets / Markets Analysis / Corn market / Ethanol production on the rise

Ethanol production on the rise

05/01/2013 @ 9:54am

U.S. ethanol production rose 0.5% to 857,000 barrels a day in the week through last Friday, adding to an increase the prior week and reaching the highest level since June last year, data from the U.S. Energy Information Administration showed Wednesday.

The output is slightly above the recent high of 854,000 barrels a day in the week through April 5.

Ethanol producers struggled with low margins for much of last year and early this year, pushing output levels lower. But output recovered after a drop in corn prices at the end of March, and some ethanol plants that were idled have now resumed operation.

U.S. ethanol stocks last week fell 3.2% to 17 million barrels from 17.6 million barrels the prior week, reaching the lowest level since late 2011, the EIA data showed.

Write to Owen Fletcher at owen.fletcher@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

May 01, 2013 10:40 ET (14:40 GMT)

DJ U.S. Weekly Ethanol Production Rises 0.5%; Highest Since June->copyright

CancelPost Comment
MORE FROM DOW JONES NEWSWIRES more +

Soybeans hit 8-month highs as processing… By: 04/15/2014 @ 3:31pm Soybeans jumped to the highest price in more than eight months after an industry report showed the…

Goldman Sachs is Bearish Wheat By: 04/14/2014 @ 10:01am Goldman Sachs (GS) Monday said increases in grains futures from ongoing Ukraine tensions would be…

USDA Report Summary By: 04/09/2014 @ 11:17am The following table is provided as a service to Dow Jones Newswires subscribers in conjunction…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Big Picture: CME Trading Weather