Ethanol production shows moderate improvement.

Ethanol production last week ran 1.072 million barrels per day. This was a positive run at +3.5% year over year. It marks three weeks with a moderately improved pace.

USDA's 5.450 billion bushel whole-year corn for ethanol goal is +5.3% from last year. Noting this year's production run is less efficient than last year, we are using -1.3%, the goal for actual ethanol production is +4.0%. With a year to date run of +3.9% the remainder of the year needs to run +4.1%. Officially, we are lightly behind USDA's general goal. For next week's monthly supply/demand report Allendale assumes USDA will not make any changes for corn for ethanol.

General gasoline usage last week was -1.7% from last year. Year to date, September 1 to current, is -0.4%.

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