date:May 24, 2013
build domestic reserves and due to firm domestic corn prices.
Old crop corn found support from positive ethanol production data this morning. Ethanol production for the week ending May 17th averaged 875,000 barrels per day, up 2.1% vs. last week and down 4.8% vs. last year.
This was the highest weekly production estimate since June 22, 2012. Total ethanol production for the week was 6.13 million barrels. Corn used in last week's production was estimated at 91.9 million bushels.
This crop year