date:Jul 05, 2013
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The bulls point to a ridging pattern that could impact the western Corn Belt by mid-July but confidence remains low at the moment. Ethanol production for the week ending June 28th averaged 863,000 barrels per day, down 2.5% vs. last week and up 0.70% vs. last year.
Total ethanol production for the week was 6.04 million barrels. Corn used in last week's production is estimated at 90.6 million bushels and this crop year's cumulative corn used for ethanol production is 3.72 billion bushels.
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