US ethanol production falls on week, but exceeds recent average: EIA

The US production of ethanol has fallen by 9,000 barrels a day but remains above the seasonal average, data released by the US Energy Information Administration shows Wednesday.

With corn the major feedstock for the biofuel, strong ethanol production spells a ready outlet for the bumper harvest that US farmers are still engaged in bringing in.

Production held at 1.06 billion b/d, down from the 1.07 billion seen last week but 50,000 b/d above the levels seen at the same date of 2016. The figure also remains fractionally above the four week-average.

Stocks also climbed very marginally, rising 100,000 barrels to 22 million barrels.

Virtually all of the production lost came from the Midwest PADD 2 region.