U.S. ethanol production fell sharply last week, discouraged by holiday and weather related slowdowns and poor margins. That’s the fourth week in a row with a decline.
The U.S. Energy Information Administration says production for the week ending December 30th averaged 844,000 barrels a day, the lowest weekly average in nearly two years, down 119,000 from a week ago and 204,000 from a year ago.
Iowa State University’s Center for Agricultural and Rural Development says the projected margins for the average Iowa producer ended 2022 in negative territory, well below the highs of the year.
