With corn prices hovering at about $7 per bushel, some ethanol facilities in the U.S. have been shutting down. But not this Poet facility at Groton, S.D., which was putting out steam and purchasing corn for $6.91 per bushel when Agweek drove by on Jan. 26, 2012.
The Renewable Fuel Association put out a weekly ethanol production data for the week ending 2/01/2013.
According to Energy Information Agency data, ethanol production averaged 774,000 barrels per day (b/d) — or 32.50 million gallons daily. That is up 4,000 b/d from the week before. The four-week average for ethanol production stood at 780,000 b/d for an annualized rate of 11.96 billion gallons.
Stocks of ethanol stood at 20.1 million barrels. That is a 2.2% decrease from last week.
Imports of ethanol showed zero b/d.
Gasoline demand for the week averaged 353.4 million gallons daily.
Expressed as a percentage of daily gasoline demand, daily ethanol production was 9.20%.
On the co-products side, ethanol producers were using 11.736 million bushels of corn to produce ethanol and 86,381 metric tons of livestock feed, 77,009 metric tons of which were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal. Additionally, ethanol producers were providing 4.03 million pounds of corn oil daily.