US Ethanol Stocks Retreat; Exports Intact for Now
US ethanol production through the week ending last Friday totaled 296.9 million gallons, down 5 Mil from the previous week, which is somewhat of a surprise but is likely due to the erosion in margins in since mid-May. Production still continue to outpace last year by some 5%, and so the USDA’s 16/17 corn consumption…