Home / Markets / Markets Analysis / Corn market / Ethanol stocks drop

Ethanol stocks drop

03/27/2013 @ 12:31pm

U.S. ethanol production fell 0.5% to 805,000 barrels a day in the week through last Friday, easing after an increase the prior week, data from the U.S. Energy Information Administration showed Wednesday.

U.S. ethanol stocks last week dropped 5.5% to 17.4 million barrels, the lowest level since December 2011, the EIA data showed. Stocks have eased from levels in December last year, when they hit a six-month high of 20.8 million barrels.

U.S. ethanol output has been weak since last summer as producers have struggled with poor margins, due partly to high corn prices after last year's severe U.S. drought. Production bottomed out in the week through Jan. 25, when output of 770,000 barrels a day was the lowest since weekly record-keeping began in mid-2010.

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

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

(END) Dow Jones Newswires

March 27, 2013 10:43 ET (14:43 GMT)

DJ U.S. Weekly Ethanol Production Down 0.5%, Inventories Down 5.5%->copyright

CancelPost Comment
MORE FROM DOW JONES NEWSWIRES more +

USDA: Reporting Hog Deaths Required By: 04/18/2014 @ 10:45am The U.S. Department of Agriculture said Friday it will require the pork industry to report…

Wheat Futures Rise as Cold, Drought Threaten… By: 04/17/2014 @ 3:51pm Wheat futures rose for the third time in four sessions on speculation that cold weather earlier…

Ukraine Upheaval Sparks Business Concerns By: 04/17/2014 @ 1:22pm Escalating military action and sanctions are forcing executives around the globe to map out…

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