Production of ethanol from U.S. corn falls 1,51 %

Ethanol production in the United States reached 913,000 barrels per year


According to research firm commodity Hightower Report, ethanol production in the United States during the week ended on Nov. 29 , reached 913,000 barrels per year. That’s down 1.51 % from the previous week and 9:34 % increase over the same period last year . The total ethanol production for the week was 6.391 million barrels . Inventories until November 29 were 15.124 million barrels . This means an increase of 0.68 % from the previous week and fall of 21.80 % in the same period of 2012. Corn used in ethanol production , last week was 95.87 million bushels ( 2,435 million tons ) . At the annual corn crop for ethanol production accumulated was 1.2 billion bushels ( 30 million tons ) . The use of grain needs to reach 94 285 million bushels ( 2,394 million tons ) per week to be in accordance with the standards of the annual U.S. Department of Agriculture – USDA , estimated at 4.9 billion bushels ( 124 million tons ) .

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