Ethanol Production Jumps in May, Trails 2019

The U.S. Energy Department said ethanol production during from May 15 to May 22 increased from 663,000 to 724,000 barrels per day. The higher amount is still down 32 percent from a year ago and represents 145 million bushels of lost corn demand per month.

U.S. ethanol inventory continues to shrink and is now at 23.2 million barrels, the lowest since early January. Weekly gasoline demand increased to 7.25 million barrels per day during the same week, down 23 percent from a year ago.