According to the U.S. Energy Information Administration, for the week ending December 3, 2010, U.S. ethanol producers were supplying an average of 939-thousand barrels of ethanol per day, or 39.4-million gallons. That is an increase from the previous week of 54-thousand barrels per day. The four-week average for ethanol production was 902-thousand barrels per day. That is an annualized rate of 13.8 billion gallons. Stocks for ethanol fell for the week to 16.4-million barrels.
Gasoline demand went higher to 385-million gallons of average daily demand. As a percentage of average daily gasoline demand, average daily ethanol production was 10.24 percent - the highest since weekly data became available.
On the coproducts side, ethanol producers were using 14.238 million bushels of corn daily to produce ethanol and 105,973 metric tons of livestock feed, 93,570 metric tons of which were distillers grains. Additionally, ethanol producers were supplying more than 4-million pounds of corn oil a day. All of these are record outputs as well.
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WOW SEE HERE
Still wonder if this corn oil thing will work out? 4M#/day! LOL
SkunK
Thursday, December 9, 2010
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