The US ethanol crush margin fell for a fifth straight week Monday, falling to minus 1.91 cents/gal, a drop of 2.22 cents/gal since December 23, the last time S&P Global Platts published its crush margin tracker.
The decline came as ethanol prices tumbled, while feedstock corn prices only dropped slightly.
Platts assessed Chicago Argo ethanol at $1.3675/gal Monday, a 2.4-cent fall compared with December 23.
US ethanol production averaged 1.083 million b/d in the week that ended December 20, a 19,000 b/d increase compared with the previous week, US Energy Information Administration data showed Friday.
S&P Global Platts Analytics forecasts ethanol production will rise 1,000 b/d to 1.084 million b/d in the next report from the EIA.
Read the full report at S&P Global Platts.
