Trade estimates missed the weekly US ethanol production and stocks update for the week ending 9/11. Production declined a large 15,000 barrels to 926,000 and stocks decreased 195,000 barrels to 19.798 million, down 1.084 million over the past two weeks. The sentiment for corn is mixed now that ethanol stocks are lowest since Aug 7. A Bloomberg poll looked for weekly US ethanol production to be up 1,000 and stocks to increase 345,000 barrels. The 4-week average change for ethanol production is zero.
Senior Commodity Analyst – Grain and Oilseeds
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