New crop weekly ethanol production runs ahead of the goal.

This new crop year is forecast to see 5.450 billion bushels of corn for ethanol. That is -0.4% from last year. At this time we do not have efficiency data for this new harvest. We'll use -0.4% as our target for ethanol production.

Last week's ethanol production, 1.015 million barrels per day, was +0.6% from last year. This puts our four week pace at +2.5%. At this time we are ahead of USDA's goal.

Weekly gasoline usage in September has also been strong. Last week's usage was +6.3% from last year. Over four weeks they are +4.9%.

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