U.S. Ethanol Production Down Slightly In Latest Week

U.S. ethanol production fell slightly in the latest week, the government said on Wednesday, resuming a series of output reductions after a jump the previous week.

U.S. production of the alternative fuel totaled 875,000 barrels per day (bpd) for the week ending April 29, down from 883,000 the prior week, the Energy Information Administration said.

Ethanol stocks climbed 488,000 to 19.77 million barrels, the EIA said in its weekly petroleum report.

Ethanol output has been declining and in mid-April slid to its lowest since September, before rebounding in the week ending April 22.
The market has seen good blender demand but profit margins have been under pressure due to high corn prices. Corn supplies also are running thin in some areas.