• Sep 30, 2011
Blame it on a harvesting delay, but the fact still remains that U.S. ethanol output slipped by 3.4 percent – to 841,000 barrels a day – in late September, the lowest per-day output in 2011.
Some say fall maintenance of corn crops are to blame, others claim a delayed harvest is at fault, but the Energy Information Administration (EIA) reported on Wednesday that U.S. ethanol production in the seven days prior to September 23 dropped by 30,000 barrels a day, compared to the previous week, hitting its lowest point since September of 2010.

Linn Group analyst Jerrod Kitt, predicts that corn is "getting mighty bare at some facilities," which fits with the supply meme. On the other hand, the EIA says reduced demand for gasoline contributed to the dip in ethanol output and a 1.6-percent rise in ethanol reserves.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago