US ethanol production touches record high

Fuel ethanol production was up nearly 1% the week ending November 08, 2024 setting a record high at 1.113 barrels per day, according to data released by the US Energy Information Administration, stocks were up slightly, and exports were up 32%. The previous record for fuel ethanol production was set in July 2024 at 1.109 million barrels per day. 

The 1.113 million barrels per day of production reported for the week ending November 08 was up 8,000 barrels per day when compared to the 1.105 million barrels per day of production reported for the previous week. When compared to the same week of last year, production for the week ending November 08 was up 66,000 barrels per day. 

Weekly ending stocks of fuel ethanol were reported at 22.039 million barrels for the week ended November 08, 2024 up 19,000 barrels when compared to the 22.02 million barrels of stocks reported for the previous week. When compared to the same week of last year, stocks for the week ending November 08 were up 1.085 million barrels. 

Fuel ethanol exports averaged 144,000 barrels per day, up 35,000 barrels per day when compared to the 109,000 barrels per day of exports reported for the previous week. When compared to the same week of last year, exports for the week were up 59,000 barrels per day.