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US Weekly Ethanol Production Dropped, EIA Says

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US weekly ethanol production dropped, according to the US Energy Information Administration report on Wednesday.

For the week ending July 10, US ethanol production averaged 1.04 million barrels per day, below last week's 1.09 mmb/d and last year's 1.09 mmb/d.

The four-week average output at 1.09 mmb/d was above 1.08 mmb/d a year ago.

Midwest ethanol production averaged 976,000 b/d, down from 1.03 mmb/d the previous week. The four-week average output remained unchanged at 1.02 mmb/d from a year ago.

Domestic ethanol inventories ended the week at 24.4 million barrels, down from 23.9 mmbbls a week ago and from 23.6 mmbbls a year ago.

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