Illinois ag economist Todd Hubbs suggests the end of ethanol’s three-month streak of week-over-week production increases signals the start of another new normal.
“I’d like to see the (peak) a little bit higher because we’re still basically about 12 to 14 percent below where we’d normally be this time of year. But I think people are not moving around as much.”
He is encouraged by shrinking ethanol stocks.
“But, I think what you’re seeing is as gasoline demand flattens out, and about 10 percent of the gasoline supply is ethanol, the production numbers are sort of flattening out as well.
