By Kirk Maltais
U.S. ethanol producers are making barrels of ethanol at their fastest pace since the Energy Information Administration began reporting ethanol data in 2010.
In its latest weekly report published Wednesday, the EIA said average daily ethanol production for the week ended Nov. 28 was 1.126 million barrels a day. That's up 13,000 barrels a day from the prior week, setting the new record high after it previously rose to 1.123 million barrels a day in late October. Ethanol stocks rose by over 500,000 barrels, landing at 22.51 million barrels for the week.
Analysts surveyed by Dow Jones forecast that production would land anywhere from 1.05 million barrels a day to 1.123 million barrels a day, while the uptick in inventories landed on the high end of forecasts.
Most-active corn futures are leading row-crop futures on the CBOT lower Wednesday afternoon, with the contract down 1.4% to $4.43 a bushel. Analysts said that while the higher production is encouraging, it has only a minor effect on the movement of corn prices.
"U.S. ethanol exports have been a bright spot demand-wise, but keep in mind the corn market's goal is to sustain fancy production margins," said AgResource in a note.
To see related data, search "U.S. DOE Oil Data: PADD Breakdown" in Dow Jones NewsPlus.
Write to Kirk Maltais at kirk.maltais@wsj.com
(END) Dow Jones Newswires
December 03, 2025 13:35 ET (18:35 GMT)
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